Stock market rally reminiscent of trends prior to 2008 crisis: JPMorgan AM

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Beware this stock market rally because it's reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says

Investors should be wary of the ongoing stocks rally because it doesn't reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management's chief investment officer. that the current market conditions remind him of the March-to-June period in 2008.

"We're seeing things that you only see in recession or where you wind up in recession," Michele said, referring to the Federal Reserve's aggressive interest-rate increases, the credit squeeze caused by banking-sector stress, risks tied to commercial real estate, and the inverted bond-yield curve, which is widely regarded as a recession indicator.

He also pointed to the series of regional bank collapses of the past few months, with JPMorgan taking over First Republic Bank after it failed – as it did with investment bank Bear Stearns in March 2008. "The markets viewed it as, there was a crisis, there was a policy response and the crisis is solved," he told CNBC, referring to market events of 2008."Then you had a steady three-month rally in equity markets."

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

JPMorgan upgrades Carnival as momentum for the cruise industry growsCarnival's post-pandemic recovery is not just a short-term boom, but an indication of more sustainable business strength, says JPMorgan.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »