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 Commodity Strategy
Summary: Global stocks begin the week on a firmer footing following a strong overnight session in Asia on Chinese data optimism and uplifting vaccine news from Pfizer on the timing of a vaccine and AstraZeneca which have restarted a U.K. trial. The dollar edged lower while U.S. treasuries were little changed. Focus this week being the FOMC meeting on Wednesday while the oil market will look to the IEA and OPEC for guidance in their monthly supply and demand updates.
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