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
Head of Commodity Strategy
Summary: Crude oil continues to trade lower even as sentiment in equities and other asset classes rebounds. At issue are large leaps forward in both US and Opec production.