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: After a strong close for equities on Friday despite a weak December US jobs report, the mood has turned a bit sour at the start of the week as Asia is stumbling out of the blocks this week, the US House Democrats threaten to impeach Donald Trump and Covid-19 remains a global phenomenon after a lockdown of a large city in China shows that the virus remains a challenge for everyone. Bitcoin has also tumbled deeply amidst ferocious volatility.
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