JP Morgan’s Wall Street chief says more market meltdowns like December’s rout are coming

January 28, 2019


The market meltdown that wiped out stocks’ gains late last year will be a recurring feature of the trading environment, according to Daniel Pinto, co-president of J.P. Morgan Chase and head of its massive corporate and investment bank.

“Over time, you will probably see several more market events like we saw in December,” Pinto said last week in an interview at the World Economic Forum meeting in Davos, Switzerland.

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