Dimon says bull market is like a ‘little tsunami’ that even he finds surprising, but he says ‘it will stop.’ Here’s why Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
JPMorgan Chase CEO Jamie Dimon isn’t taking comfort in the stock market’s seemingly endless euphoria that defied a war in the Middle East and the ensuing spike in inflation
Instead, he believes there’s trouble brewing for the U.S. economy. During a June 16 appearance at the Council on Foreign Relations CEO Speaker Series (1), Dimon was blunt in forecasting an eventual stock market contraction. For him, the only question left to answer is when.
Top Picks “We’re in a bull market. It’s like a little tsunami,” he said. “When that kind of thing happens, it’s very hard to stop. But it will stop.” What caught Dimon off guard about the economy Starting off, Dimon argued that a set of economic developments has insulated the U.S. economy from amplified turmoil so far this year.