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Jamie Dimon says a recession is 'likely outcome' from Trump's tariff turmoil

1. JPMorgan's CEO predicts a likely U.S. recession due to tariffs. 2. China imposes 84% tariffs on U.S. goods, escalating trade tensions. 3. Stock futures fell over 800 points amid recession fears. 4. Markets are pricing uncertainty from macroeconomic factors. 5. JPMorgan forecasts a 0.3% contraction in U.S. GDP this year.

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FAQ

Why Very Bearish?

Increased tariffs and recession predictions negatively affect corporate earnings outlooks, echoing past market downturns during similar trade conflicts.

How important is it?

Predictive economic signals combined with tariff escalations significantly impact overall market sentiment, especially among large-cap companies in the S&P 500.

Why Short Term?

Immediate reactions to tariff news and market uncertainty typically influence S&P 500 performance quickly.

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