As private credit worries rattle investors, mind the risks in the markets
Price rises need to be anchored by fundamentals. So now might be the time for investors to exercise some caution
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THE markets are trading close to their all-time highs, but it is getting hard to ignore the air of caution that has crept into the buoyant mood in recent weeks. There have even been murmurings of a possible repeat of the 2008 global financial crisis (GFC).
Earlier in the week, the CEO of US financial giant JPMorgan Chase, Jamie Dimon, addressing investors, said: “My own view is people are getting a little comfortable that this is real – these high asset prices and high volumes – and that we won’t have any problems.
“There will be a cycle one day,” he was quoted as saying in a CNBC report. “I don’t know what confluence of events will cause that cycle. My anxiety is high over it,” he added.
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