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
Summary: Today we look at the importance of the rest of the week as a possible test of trend for US stocks after the steep, pre-holiday sell-off last week. We also note the recent strong EM comeback and have a look at the USD closing in on a tipping point, sterling already in capitulation versus the greenback and interesting CHF price action. In commodities, a focus on grains and copper. X.
Listen to today’s podcast and have a look at today’s slide deck.
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