JPMorgan CEO Warns Market Leverage at 'Pretty High' Levels
JPMorgan Chase CEO Jamie Dimon warned that market leverage is 'pretty high' across various sectors, including prime brokerage, hedge funds, and exchange traded funds. This increased leverage can lead to a higher chance of disruption in the market.
In an interview on CNBC, Dimon referenced last week's situation with hedge fund Situational Awareness, which had used leverage to bet on artificial-intelligence stocks but faced pressure after a tech stock rout. However, Dimon noted that 'the market handled that very well.'