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
Chief Economist & CIO
Summary: The FOMC meeting late today is the best opportunity in some time to test whether anything can tame this runaway bull market. Will the latest Fed guidance or hints at policy preferences down the road continue to feed the speculative energy, or is the meeting an excuse for market participants to deleverage, almost no matter the message the market delivers?
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