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: Speculators reversed course on the dollar during the week to May 21. Following two weeks of selling they turned buyers to the tune of $1.3bn against ten IMM currency futures.