So much for a sleepy Columbus Day on Wall Street. Stocks weren’t doing much Monday morning but took a turn lower in the afternoon following stark comments from JPMorgan Chase CEO Jamie Dimon, who warned that the United States is likely to enter a recession within the next six to nine months. Dimon made the comments in an exclusive interview with CNBC that aired Monday.
Stocks soared early last week, leading to hopes that the market had bottomed. But sellers have returned with a vengeance in the past few days. Friday’s mostly solid jobs report did little to dispel fears about more big rate hikes from the Fed. The Nasdaq hit a new 52-week low Monday. The Dow and S&P 500 are not far from their lows either. The Dow is down about 20% this year and is back in a bear market along with the other two major market indexes.
How many people lose jobs
The criminal banker knows we're ALREADY IN A RECESSION.
How is this guy still working after the last housing crash
Good. Looking to get stocks for the low
BidenDestroysAmerica bidefault
Already HERE! Trying to change the standards for a recession.
It’s almost like they are wanting a recession. With over 10million jobs added and counting the last two years. It’s highly unlikely.
Do banks want a bailout ? No that would never happen
They said that 6 to 9 months ago. But ok
It’s funny when the rich can’t start losing money they brain wash you to say your the one losing money is fakenews like trump said
Ask Jaime why corporations refuse to end price gouging to curb inflation?
He didn’t get his $50 million bonus so now it’s a recession….WTF
Already had two declining quarters in a row. We’re there 🦨
We are already in a recession
He is just trying to create one…Jamie Dimon is dangerous
Biden recession