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: An increasingly cautious stance by the world's leading central banks, as well as optimism about China's ability to power a rebound, explain the relatively buoyant current state of global financial markets.