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 yesterday's nervy session in the US equtiy market, where the post-FOMC sell-off found support after testing the key range lows in the Nasdaq 100. Elsewhere, the US dollar rally has faded very quickly and sterling is caught in the crossfire of positive and negative developments as key pivot levels come into view. We also talk the Unity IPO and oil and natural gas heading in opposite directions. 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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