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: In today's podcast, the last regular before yearend, we focus on the continued stock market surge while also highlighting the most aggressive margin debt ramp up in 13 years. Some divergence seen with a much followed "disruptive innovation" ETF trading down on the day. Also the underwhelming Brexit reaction raising worries about Sterling and hedge funds positioning themselves for further commodity upside in 2021. Today's call with Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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