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: Today we look at the cross-market developments after the latest surge in US treasury yields and the US dollar on the market pricing Fed peak rate expectations back higher, wondering if the equity market can hold up under the pressure. In FX, the RBA waxed more hawkish overnight and Japan's December wage inflation data was the hottest in 25 years. Crude oil, gold, stocks to watch today, our Outlook dropping today and more also on today's pod, which features Peter Garnry on equities, with John J. Hardy hosting and on FX.
Listen to today’s podcast - slides are available via the link.
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