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 Equity Strategy
Summary: Global equity markets are still marching higher although April has been a bit choppy. Overall, though, Q4's wall of worry has been replaced by complacency about the many problems in the global economy.