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    With Complacency At 20 Year Highs, JPM Models Warn Of Imminent Correction

    February 16, 2021
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    With Complacency At 20 Year Highs, JPM Models Warn Of Imminent Correction
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    First it was Citi, then Goldman, then BofA, and now it is JPMorgan's turn to warn that amid unprecedented, off-the-charts euphoria, which Citi literally needed a bigger chart to show last week...

    ... cross-asset complacency has hit a 20 year high (i.e., the last time we were here, pets.com was the hottest thing on CNBC).

    In a Feb 11 note from JPM's head of cross-asset strategy, John Normand, he writes that the bank's index of cross-asset complacency based on valuations, positioning and price momentum is just shy of the the highest level since the time the dot-com bubble burst (and when, as Bloomberg adds "some companies found out burning cash faster than they made it wasn’t quite effective as a long-term survival strategy")...

    To read more visit Zero Hedge.

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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