JPMorgan's Dimon Speaks, but Will Anyone Listen?

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Our View

It's hard to see through the forest with volumes being so low and amid all the rips and dips.

All day long it was one false start after another. I could be wrong, but as much as I like buying the dips, the markets have a strange feel to them…like they have a dark cloud hanging over them.

On Monday I pointed out everything I could about why the markets are not acting right, but JPMorgan Chase CEO Jamie Dimon warned on Monday that persistent inflationary pressures driven by fiscal deficits and military conflict among — other factors — may lead to U.S. interest rates of 8% or even more.

If you haven’t read Dimon’s letter to shareholders, here is the link to the JP Morgan Chase 2023 Annual Report.

No one promised us a rose garden, but right now that would be OK!