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
Summary: Today we look at the strong equity market narrative versus the alarming lack of market breadth in the US, as the megacap rally continues to diverge from the weaker broader market. The Republican convention gets under way today and on Thursday, we await Fed Chair Powell's presentation of the Fed's comprehensive policy review. A double hurricane hitting the U.S. Gulf coast and agricultural markets also receiving some attention
Listen to today’s podcast and have a look at today’s slide deck.
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