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
Chief Investment Officer
Summary: US markets ended this holiday shortened week yesterday on a new high, although well off intraday highs, perhaps in part due to new restrictions imposed in many US cities as the country deals with the surge in coronavirus cases. US Payrolls gains were impressive, but weekly claims data are not as rosy - somewhat of a disconnect. Elsewhere, the market took another stab at selling the US dollar, but the move had largely fizzled into late trading.
What is our trading focus?
What is going on?
What we are watching next?
Economic Calendar Highlights (times GMT)
Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app: