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 Equity Strategy
Summary: Much has been made of the yield curve inversion's potential to signal recession. Here, however, we zoom in a little from the macro view and look at what it means in terms of equity returns.