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: Macro Dragon = Cross-Asset Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime.
“600 bn vs 500 bn expected
Tenor extended to 2022 vs 2021 expected
No support for JUNK – fallen angles
ECB clearly don’t feel confident in neither EU economy or EU next week. This is big.
The impact + - for BTP, OW EU equity vs. UW US (Garnry note), EURUSD…. Higher now.”
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On The Radar Today
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Start-End = Gratitude + Integrity + Vision. Create Luck. Process > Outcome. Sizing > Idea.
Namaste,
KVP