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 FX Strategy
Summary: Equity markets are off to a cautious start for the year after ending 2020 largely on a high note globally, with Japanese equities correcting lower on fresh virus concerns. Elsewhere, crypto assets are grabbing the spotlight, after Bitcoin exploded higher over the holidays, taking some smaller coins with it. Commodities are also seeing a strong start across all three sectors. Focus this week for USD trader will be on US election certification and Georgia Senate run-off races.
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What is going on?
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Economic Calendar Highlights for today (times GMT)
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