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 choppy comeback in US equities on stimulus headlines, we note the sudden, if small spike in US treasury yields and look at the USD falling back to pivotal levels that, if crossed, suggest we are tilting back toward a USD downtrend. In commodities, the agricultural space demands our attention as grain prices spiked significantly. In equities we look at Rolls Royce, H&M and the Palantir and Asana IPOs. Today with Peter Garnry on equities, Ole Hansen on Commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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