- The stock market could fall another 20% as a recession is likely to hit the US economy over the next six to nine months, according to Jamie Dimon.
- He said higher inflation, interest rates, and war uncertainty are all contributing to volatile markets.
- “The far more serious thing is this war,” Dimon told CNBC on Monday.3
The stock market could get a lot more painful as a recession is likely to hit the US economy over the next six to nine months, JPMorgan CEO Jamie Dimon told CNBC on Monday.
He said he sees the stock market falling another “easy 20%” from current levels, which would put the S&P 500 right around 2,900.
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