JPMorgan CEO warns markets and central banks are too calm about deficits, tariffs, and recession risk

Jamie Dimon cautions that the record U.S. Deficits and global tensions are serious concerns that markets are not recognizing. He warned that the S&P 500’s earnings growth is likely to fall to 0%, impacting stock prices negatively.

Dimon expresses doubt about central banks managing economic risks efficiently, predicting a significant drop in investment banking revenues. Furthermore, he emphasizes rising concerns about stagflation, pointing to increased likelihood of economic stagnation coupled with inflation.