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 Macro Analysis
Summary: The evidence of something seriously amiss with the US housing sector – and thereby the US economy itself – just keeps on stacking up. Between them, these indicators could make the Fed hit the pause button.