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: Today's US jobs print marks a major confirmation of the macro slowdown narrative, and investors should expect calls for Federal Reserve stimulus to escalate in number and volume.