JPMorgan has a date for next financial crisis; warns investors for 2020

JPMorgan's Marko Kolanovic has previously concluded that the big shift away from actively managed investing, has escalated the danger of market disruptions

How bad will the next crisis be? JPMorgan Chase & Co has an idea. A decade after the collapse of Lehman Brothers sparked a plunge in markets and a raft of emergency measures, strategists at the bank have created a model aimed at gauging the timing and severity of the next financial crisis. And they reckon investors should pencil it in for 2020.
 
The good news is, the next one will probably generate a somewhat less painful hit than past episodes, according to their analysis. The bad news? Diminished financial market liquidity since the 2008 implosion is a “wildcard”.