The risk of a crisis over the next 6 to 12 months is rising as high rates bite and the stock market's AI rally fades, JPMorgan's quant chief says

• There's a lot that could go wrong in the stock market that investors are not fully appreciating.
• That's according to JPMorgan's quant chief, Marko Kolanovic, who is worried about high interest rates.
• "We think there is now a higher likelihood of a crisis over the next six to 12 months," he said.

The combination of high interest rates and a strong year-to-date stock market rally is putting JPMorgan's chief global market strategist on edge.

In a Monday note, JPMorgan's Marko Kolanovic said that a crisis is brewing in financial markets, and it could lead to a lot of pain over the next six to 12 months.