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: Global risk sentiment was spooked late yesterday by a US President Trump tweet calling off negotiations for stimulus with Democrats, though he later pointed out specific, limited stimulus measures he would approve immediately. The sell-off was relatively contained, with a modest backup in safe haven trades like the USD and JPY and US treasuries, while gold sold off on the news.
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: