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
Singapore Sales Trader
Now that the Federal Reserve chair Jerome Powell has dialed in the rate cut for July in his testimony to the congress yesterday after raising the hopes in the June FOMC meeting, let’s look back at some of his policy pivots so far in his relatively short tenure.
SPX