Jamie Dimon Thinks the S&P 500 Could Fall Another 20%: What Should Investors Know?
When Jamie Dimon talks, the market listens. As the longtime CEO of JPMorgan Chase (NYSE: JPM), the largest bank by assets in the U.S., not only has Dimon successfully navigated the company through multiple recessions and made JPMorgan a best-in-breed bank stock, but he always has a good pulse on the economy.
With more than $3.8 trillion of assets, JPMorgan is exposed to every part of the economy from consumers to small businesses to the largest corporations -- and in almost every sector, too.
In an interview today on CNBC, Dimon said he expected the U.S. to enter a recession in six to nine months. He also said that while he doesn't know the future, the S&P 500, which has fallen roughly 25% from its all-time highs earlier this year, could fall "another easy 20%." Let's take a look at why Dimon is concerned and what investors should know.
Source Fool.com
