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
FX Trader, Loonieviews.net
Summary: Wall Street is whistling a carefree tune today, but markets are keeping a cautious eye on the FOMC. In Canada, the loonie climbed somewhat in the wake of the BoC holding rates steady.