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: Equities headed south from the open in New York today. China/US trade headlines are having an outsized impact on Wall Street and FX markets because traders don’t have any hard data to evaluate.