Essential Points
- JPMorgan Chase CEO Jamie Dimon claims buyers should expect much more blowups following a crash in U.K. govt bonds last month just about prompted the collapse of hundreds of that country’s pension cash.
- “My knowledge in life has been when you have items like what we are going via currently, there are going to be other surprises,” Dimon told analysts on Friday.
- Markets will continue on to be unstable so lengthy as the Federal Reserve is boosting costs and shrinking its massive harmony sheet, Dimon said.
