JPMorgan’s Michele Says Market Selloff Is Message for Trump

JPMorgan Asset Management’s Bob Michele said the selloff in markets is a message to President Donald Trump’s administration to take action to restore calm as officials did after Liberation Day tariffs rattled investors last year.

“Things are a bit chaotic and the markets do feel a bit panicked,” said Michele, chief investment officer and global head of fixed income in an interview with Bloomberg. “The market had a fit in April and then they backed off of a lot of things and then calm ensued. We need to hear some of the same kinds of things.”