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
Technical Analyst, Saxo Bank
Summary: The benchmark S&P 500 index bounced off massive support around the 2,698 level Tuesday, but remains below its 200-day moving average.