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
FX Trader, Loonieviews.net
Summary: There was no shortage of event risk for traders to sink their teeth into yesterday and overnight. But when they finally bit into the issues, they found that their bun had no burger and even lacked condiments.