Markets are headed for a rally right before a recession 'pounds away at the economy,' JPMorgan Asset Management CIO says

• JPMorgan Asset Management CIO says markets  are headed for a "feel good period" before an economic slowdown.

• Investors should not lean into the fleeting rally next quarter, as a recession is looming, he said.
• "If we've been taught anything this past month, you may see it coming or you may not." 

Markets are headed for a brief rally before an inevitable slowdown in the economy, JPMorgan Asset Management CIO Bob Michele says. 

In an interview with Bloomberg on Friday, Michele says risk assets will rise in the next quarter as they did during the Great Financial Crisis in the mid 2000s when a slew of major banks failed as well.