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
Senior Fixed Income Strategist
Summary: The European Central Bank’s Mario Draghi waxed extremely dovish yesterday and the market therefore expects the Federal Reserve’s Jay Powell to follow suit tonight and lay out the path for a US rate cut next month.