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 FX Strategy
Summary: Trump will meet with Xi at G20, throwing a new twist in the plot just ahead of a pivotal Federal Open Market Committee meeting. Today we consider the most likely scenario and draw the conclusion that a lack of sufficient surprise could mean a “sell the fact” reaction.