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: The major US equity indices snapped back higher to close at fresh records, with the broader market also participating as small caps stocks erased the weak session from Monday. European equities closed mostly unchanged yesterday after a choppy session but may take heart this morning from the euro backing well off new highs yesterday against the US dollar.
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Economic Calendar Highlights for today (times GMT)
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