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 market trying to find its feet as the Western sanctions against Russia's latest moves in the disputed eastern Ukrainian regions were seen as relatively measured. At the same time, central bank tightening expectations are picking up quickly again and the US yield curve has re-flattened sharply. Elsewhere, we look at the risks of sustained market volatility, high EU energy and power prices as far as the eye can see, gold, agricultural commodities, equity earnings in focus and much more. Today's pod features 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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