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: Markets were buffeted yesterday and overnight by both good news and bad, including in the latter column a weak November private payrolls survey in the US and its worst daily death tool ever in the Covid-19 pandemic. On the positive side and taking the US to a marginal new high daily close for the cycle, signs point to the US Congress finally moving toward agreement on a stimulus deal.
What is our trading focus?
What is going on?
What we are watching next?
Earnings releases this week are running low as we are off season. But the releases below are worth following:
Economic Calendar Highlights for today (times GMT)
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