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
Head of Macroeconomic Research
Summary: Yesterday's mildly encouraging German economic data prints should be taken with a grain of salt and this scepticism will likely be confirmed by fresh data today.