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 week is getting off to a cautious start after a choppy session in the US on Friday and a more distinctly downbeat session in Europe. Looking ahead to the event risks this week, the Wednesday US FOMC meeting stands out as the key event risk, together with prospects for the US stimulus package, and whether the Brexit negotiations are leading anywhere after the two sides decided at the weekend to continue talking.
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