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 across the board weak risk sentiment despite a softer than expected US August CPI data release yesterday, at least in US equities and in currencies, where we also note that the market shrugged off hot CPI prints from Sweden and the UK. Also, a look at the implications of Evergrande progressing toward a formal default, the fallout of higher NatGas prices in Europe, precious metals, and 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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