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: Another weak session on Wall Street saw the S&P 500 close at the lowest level since October 2017. Will the Federal Reserve prove willing to pull a dove or two out of its hat, or is Powell determined to hit neutral?