by Niels Saelens
published on about •
4 read less
published on about •
4 read less
Now that the unrest in the banking sector has subsided somewhat, the stock markets have regained ground. Bob Michele, Chief Investment Officer at the American bank JPMorgan, warns of a deceptive calm. It brings back memories of the eve of 2008.
Why is this important?
Compared to the beginning of this year, the stock markets have gained ground. However, it is still a very uncertain period for the markets. The central banks have not yet stopped their tightening money policy, and the banks are still licking their wounds after the wave of uncertainty that hit the financial sector after the collapse of Silicon Valley Bank, among others.In the news: Michele in an interview with the American news site CNBC are concerned about the current situation in the markets. The current calm on the stock markets reminds me of the period from March to June in 2008.
- Then, as now, investors were concerned about the stability of US banks. In both cases, Michele’s employer managed to calm things down by taking over a troubled competitor. Last month, JPMorgan bought d
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