Jaime Dimon sends terse message on stocks, economy
JP Morgan's CEO recently shared a blunt take on the markets and economy.
There has been a lot of chaos this year, which has meant eye-popping volatility for the markets, including stocks, bonds, and currencies.
The past two years were relatively tame compared to this year. The S&P 500 delivered back-to-back gains above 20% in 2023 and 2024, including a robust 24% return last year. This year, sticky inflation, job woes, and an ongoing tussle over tariffs have created uncertainty that's taken the stock market on a roller coaster ride.
To be sure, worries were growing coming into 2025. The jobs market had already weakened enough to cause the Federal Reserve to cut interest rates into the end of 2024, and inflation progress was slowing, providing little help to cash-strapped consumers.
