Jamie Dimon criticizes Zohran Mamdani
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Jamie Dimon is warning about "complacency in the market," as stocks near all-time highs while headwinds like tariffs and interest rates keep roaring.Why it matters: Cracks are appearing in Wall Street's bullishness,
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Jamie Dimon warns markets are growing complacent on Trump’s tariff threats, as UBS's Paul Donovan flags a paradox fueling investor overconfidence.
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Stocks have clawed their way to another record high this week as investors continued to extend increasingly precarious bets on trade. Traders and investors have ridden an extraordinary spring rally by betting against President Donald Trump’s myriad tariff threats,
Markets previously brushed off tariff risks under the assumption that President Donald Trump would follow his earlier pattern and eventually retreat. That allowed stocks to reach new record-high territory,
Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.
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Dimon highlighted a dramatic shift in Europe’s economic standing relative to the U.S. “Europe has gone from 90% of U.S. GDP to 65% over 10 or 15 years. That’s not good,” he told the audience, which included Irish officials and business leaders.
Goldman Sachs is getting ready to impose a new requirement that junior bankers regularly pledge their loyalty to the Wall Street giant — a clampdown designed to reduce defections to