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: Hurricane Laura in the Gulf of Mexico is set to make landfall tomorrow as a major storm and its track is critical for whether the impact for financial markets is minimal or significant. Elsewhere, treasuries are under pressure ahead of a major Powell speech tomorrow that will almost have to make a significant impact even if the Fed chair delivers the message the consensus expects. Ant Group, Apple, gold and much more on the call
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