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 yesterday's wild session in equities, where we saw another parabolic acceleration higher in the most speculative names, followed this time by a spectacular reversal into the close. Is this a sign of at least a near term top in the bubble stocks? Also a look at oil, gold, FX and much more. Today with Ole Hansen on commodities and John J. Hardy on FX.
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