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: An unexpectedly large dip in weekly jobless claims reveals that the US labour market remains strong, but a rise in the four-week average rate might be the start of a worrying trend.