JPMorgan's Bond Chief Bob Michele Warns of Troubling Similarities to 2008 in Market Stability

To at least one market veteran, the stock market’s resurgence after a string of bank failures and rapid interest rate hikes means only one thing: Watch out.

The current period reminds Bob Michele, chief investment officer for JPMorgan Chase
’s massive asset management arm, of a deceptive lull during the 2008 financial crisis, he said in an interview at the bank’s New York headquarters.

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