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 Macro Analysis
Summary: Friday's US GDP release was likely a net positive for the Trump administration as we head into the midterm elections, with the economy looking robust save for a slowdown in real estate and the automotive sector.