Surveillance

‘Boil the Frog’ or a New Normal? JPMorgan Toggles Between Two Scenarios

‘We’re not trying to make a strong call,’ Bruce Kasman says

Markets are in search of a new narrative. It hasn’t been easy.

Photographer: Michael Nagle/Bloomberg

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Bruce Kasman of JPMorgan put it well when he said, “The sound that you hear is a narrative cracking.”