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
Chief Investment Officer
Summary: Global markets took a steep tumble yesterday during the US session, with Covid19 second wave fears and an FOMC meeting this week that brought nothing new to the table as possible culprits. Elsewhere, oil suffered a weak day in sympathy with equities, and the USD and the JPY rose steeply against most other currencies, as portfolio diversification was hard to come by.
What is our trading focus?
What is going on?
What we are watching next?
Economic Calendar Highlights (times GMT)