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 FX Strategy
Summary: Markets generally overcame the volatility of late last week, ending the week on a strong note with the ongoing rising swell of risk sentiment carrying through into the Asian session today, with even the Nikkei recovering all the ground lost on the announcement of the Abe resignation. The USD is playing its part as the mirror image of risky assets as it weakens back toward cycle lows, and precious metals are shining to start the week.
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Economic Calendar Highlights for today (times GMT)
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