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 FX Strategy
Summary: Markets remain in a positive mood in the US as the major indices there managed to post new record highs, while European indices stumbled slightly after reaching new local highs. The most notable move yesterday was in long safe haven bonds, which sold off heavily, taking global yields higher and gold lower ahead of a seminal speech by Fed Chair Powell tomorrow discussing new priorities for the Fed after the comprehensive Fed policy review.
What is our trading focus?
What is going on?
What we are watching next?
Economic Calendar Highlights for today (times GMT)
Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app: