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: A soft US jobs report only added to markets' unease today, with both forex and equities moving into risk-off territory following the lacklustre print.