The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
FX Trader, Loonieviews.net
Summary: Wall Street doesn’t know if it should laugh or cry today, so it’s doing a bit of both. In FX the US dollar came to life in New York trading, posting gains across the board against the G10 major currencies.