JPMorgan Chase Warns ‘Shadows of 2007’ Brewing Amid Meme Stock Mania – Why the Bank Is Staying Bullish

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Banking giant JPMorgan Chase warns that a maturing market could pose a systemic risk capable of triggering a meltdown reminiscent of the 2007 Global Financial Crisis. In a new interview on CNBC, Bill Eigen, the CIO of JPMorgan Asset Management’s absolute fixed income division, says there’s a speculative fever spreading throughout markets, as evidenced by the hot crypto and meme stock markets. He also warns that the private credit market looks to be following in the footsteps of subprime mortgage...