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Message
Dimon is bearish
Posted on 5/19/25 at 2:16 pm
Posted on 5/19/25 at 2:16 pm
quote:CNBC
JPMorgan Chase
CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.
Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and even stagflation aren’t properly represented by stock market values, which have staged a comeback from lows in April.
“We have huge deficits; we have what I consider almost complacent central banks,” Dimon said. “You all think they can manage all this. I don’t think” they can, he said.
“My own view is people feel pretty good because you haven’t seen effective tariffs” yet, Dimon said. “The market came down 10%, [it’s] back up 10%; that’s an extraordinary amount of complacency.”
5
Posted on 5/19/25 at 2:33 pm to bigjoe1
He’s got major beef with the fed. I think this all goes back to him pushing for the ability of individual banks to further leverage the US treasuries they hold.
Posted on 5/19/25 at 6:18 pm to bigjoe1
Seems to be two diametrically opposed opinions on the second half of the year. Market goes parabolic vs. extreme pain with dollar crashing hard. I guess Dimon thinks there is lots more pain coming
Posted on 5/19/25 at 6:27 pm to LChama
quote:Both of these lead to the market going parabolic IMO.
Market goes parabolic vs. extreme pain with dollar crashing hard.
Posted on 5/19/25 at 7:03 pm to bigjoe1
I like Dimon and have followed him and bought a lot of JPM over the years.
But remember he is a banker, and a banker always wants a rate cut.
But remember he is a banker, and a banker always wants a rate cut.
Posted on 5/19/25 at 9:24 pm to Lakeboy7
quote:
But remember he is a banker, and a banker always wants a rate cut.
He doesn’t seem to be asking for that here. He said central banks are essentially complacent and sovereign debt is out of control. That doesn’t feel like a rate cut request.
Posted on 5/19/25 at 10:17 pm to slackster
Didn't he short the market at the same time he was making these predictions in the past? I can't remember when, but he was criticized for it.
Posted on 5/19/25 at 11:41 pm to bigjoe1
Water is wet.
I like Dimon but he’s always bearish and is nearly always wrong.
I like Dimon but he’s always bearish and is nearly always wrong.
Posted on 5/20/25 at 7:48 am to bigjoe1
I feel like he's been bearish for years, this doesn't seem like anything new from him.
Posted on 5/20/25 at 7:59 am to slackster
Nm
This post was edited on 5/20/25 at 8:05 am
Posted on 5/20/25 at 8:29 am to RoyalWe
quote:
Didn't he short the market at the same time he was making these predictions in the past?
I know he sold a chunk of JPM prior to Liberation Day or whatever it was called.
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