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: Yesterday saw the US market trying to rally on stimulus news before fresh doubts cropped up, while markets were spooked overnight by US accusations Russian and Iranian meddling in the US election. Things look friendlier in Europe, where the EU and UK are set to resume Brexit talks. The Chinese currency had its weakest session in eight days overnight after a sharp run higher.
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