JPMorgan’s Barometer Says Markets Most Complacent in Two Decades
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Global investors are the least fearful they’ve been in two decades, and perhaps the most greedy.
A JPMorgan Chase & Co. gauge of cross-asset complacency based on valuations, positioning and price momentum is nearing the highest level since the time the dot-com bubble burst and some companies found out burning cash faster than they made it wasn’t quite effective as a long-term survival strategy.