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 US equity market's latest broad surge, discuss the K-shaped recovery and the market's possibly mistakenly complacent assumptions about policy under a Biden presidency (assuming a Democratic control of the Senate), wheat prices pushing on multi-year highs and much more. 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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