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
Today's edition of the Saxo Morning Call features Saxo Bank Head of Commodity Strategy Ole Hansen, technical analyst Kim Cramer Larsson, and fixed income specialist Althea Spinozzi discussing the latest news out of China, where a weak manufacturing print along with trade fears ahead of the newest round of US tariffs has sent shares lower yet again. Overall, we see investors staying bullish USD and bearish bonds, but the headline risks are many and varied; note that US markets are closed for Labor Day today.