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
Summary: Trade war mess left only limited impact within China where stabilization of the economy continues after the latest slew of soft data release. Our trader also has his own view about how these weak numbers will play out and start driving the country’s currency trend going into Q3.
Monthly Macro Outlook: Stabilization Continues amid Trade War Mess