"none other than JPMorgan itself"

[tomek.125]

It was just one month ago that JPM's quant Marko Kolanovic, who was especially bullish headed into the close of what proved to be the worst year for capital markets since the financial crisis, realized that his prediction would not pan out, and bizarrely blamed "fake media" and "specialized websites that mass produce a mix of real and fake news [and] often these outlets will present somewhat credible but distorted coverage of sell-side financial research, mixed with geopolitical news, while tolerating hate speech in their website commentary section" for somehow interfering with capital markets and preventing his optimistic view from being realized (one hopes the implication was not that said 'specialized websites' have more influence on markets than, say, JPMorgan).

Fast forward to today when something odd happened: none other than JPMorgan itself appears to be in the "fake news" business because the firm is now warning that - according to various markets - just two months after we reported that "JPMorgan Sees 60% Odds Of A Recession In 2 Years", the largest US bank now writes that "US equity, bond and commodity markets appear to be pricing in on average close to 60% chance of a US recession over the coming year."

Zero Hedge