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: Today we look at yesterday's FOMC meeting and whether it is the cause of the market's sudden sell-off, delve into US economic data both strong and weak, discuss portfolio risks as treasuries are going nowhere, look at the resurgent JPY, the zany Snowflake IPO price action and more. Today with Peter Garnry on equities 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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