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 apparently positive mood markets are showing after a solid close on Friday that carried over into the Asian session to start this week. We continue to highlight areas of concern, including the still-strong US dollar, EM weakness and especially the woeful state of European banks, where we are at multi-decade lows. 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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