Credit Suisse Is 'Tip of the Iceberg': JPM's Michele

The video discusses recent market conditions, highlighting criticism faced for conservative strategies amidst expectations of a recession. It examines the impact of the Fed's rate hikes and economic indicators like unemployment and wages. The discussion covers liquidity issues and market adjustments, predicting further consolidation and advising investment in high-quality assets.

What does the speaker mean by 'the tip of the iceberg' in the context of market conditions?

What types of assets does the speaker recommend investing in?