JPMorgan's quant guru explains how the 'Uberization' of markets poses an enormous risk

CNBC JPMorgan's global head of quantitative and derivatives strategy, Marko Kolanovic, has long warned against unstable market liquidity conditions. He recently made an extended analogy comparing the current market environment to Uber's pricing model, all while warning of further liquidity issues. JPMorgan's quant guru, Marko Kolanovic — a man whose opinion is valued so highly that it can move markets — doesn't think investors have learned their lesson from the meltdown that rocked stocks in...