The Top 10 Takeaways From JPMorgan’s Conference Call On Asset Bubbles

On Tuesday, we pointed out something which we hoped was only unintentionally ironic: at the same time as the first day of Jay Powell’s highly anticipated Congressional Testimony (which, to loosely paraphrase Gabriel Garcia Marquez was titled “inflation love in a time of Treasury cholera“) was set to begin, JPMorgan was holding a conference call “on potential asset bubbles” – all of which have been sparked by the abovementioned individual – which included the who is who of sellside JPM research, including the bank’s heads of global equity and credit research, the top quants, and so on.

During the call, which had thousands of JPM clients dialing in and which was riddled with technical difficulties, JPMorgan traders and researchers discussed their outlook for global markets in the context of what virtually everyone now sees is one massive bubble.


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