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 discuss the low volatility that has suddenly hit many markets including equities despite a few pockets with Tesla, despite losing ground in Europe, being one of those stocks that gained another 6% yesterday. Gold trades higher on more stimulus talks in both the US and Japan, while Europe is finalizing its big Covid-19 stimulus package. Today with Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
Listen to today’s podcast and have a look at today’s slide deck.
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