Apollo Global Management CEO Marc Rowan has issued a stark warning to investors, stating that markets are at an elevated risk of unexpected shocks and that he is positioning the firm defensively in anticipation of a potential correction.
Rowan's remarks, reported by CNBC, come amid a broader sense of caution in financial circles about the complex interplay of global risks.
The market reaction to Rowan's comments has been muted so far, with no immediate repricing observed in major indices.
However, the tone of the warning has added to the growing unease among investors who are already grappling with uncertainty around inflation, interest rates, and geopolitical tensions.
This caution aligns with recent statements from other high-profile figures in the financial sector.
For instance, JPMorgan Chase CEO Jamie Dimon has also highlighted the increasing complexity of global risks, noting that these factors could interact in unpredictable ways.