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: The US equity markets saw a fresh slide yesterday, and the last two sessions of declines, together with a slide in the futures overnight, have now wiped away all of the steep rally from Monday in the S&P500 index. Sentiment may be weakening on fading US stimulus hopes. Elsewhere, sterling traders are buffeted by Boris Johnson canceling his Brexit deadline and Aussie traders by RBA considering longer term asset purchases.
What is our trading focus?
What is going on?
What we are watching next?
Economic Calendar Highlights for today (times GMT)
Follow SaxoStrats on the daily Saxo Markets Call on your favorite podcast app: