Sure, there’s credit score market apprehension without delay. However right here’s why shares will nonetheless rally into year-end, says this bull.
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Will it come to be known as the Cockroach Crash!? Jamie Dimon’s comment this week that “when you see one cockroach, there are probably more,” is a well-worn market aphorism, yet it seems to have heralded a
burst of angst about the financial system’s credit exposure.
The JPMorgan JPM boss was alluding to the recent bankruptcies of auto-parts supplier First Brands and subprime auto lender Tricolor, and appeared to be warning that the kind of riskier lending that caught out their banks might be more of a problem than the market thought.