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: Sentiment is running for cover into the early hours of today's New York session, with rare earth rumours and rising yields sparking enough discontent to break key support levels in the S&P 500.