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 Macro Analysis
Summary: German Flash manufacturing PMI is out at 43.8 vs 42.9 expected and prior at 42.1 but downside risks remain for the German economy.