April 16, 2025 (NO COMMENTS)

The equity and commodity components of JP Morgan’s value-at-risk gauge surged to their highest levels since the Covid-19 pandemic in the first quarter. The sharp increases reflect intense trading activity that unfolded even before US President Donald Trump’s April 2 tariffs announcement, as markets navigated the first three months of his new term.

Equity VAR – the bank’s 95%-confidence estimate of the most it could lose in a single day from market moves – averaged $25 million through Q1, up 150%