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 have started the week in defensive mode after a strong close to trading last week. Safe haven bond yields suggest a defensive stance since late last week, although equity markets have not corroborated this until the Asian session overnight. A bit of end-of-month rebalancing on this last day of the month, perhaps? That would certainly not be a major surprise, given that this month will likely prove the strongest single month in global equity market history.
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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