'GET THIS MACHINE GOING': Jamie Dimon Calls for a New American Industrial Buildout
Jamie Dimon appeared at the Reagan National Economic Forum to lay out his view of the U.S. economy and JPMorgan’s strategic priorities. He noted that growth is running at roughly 2%, unemployment remains low, corporate debt is manageable, but inflation is beginning to tick upward, creating a mixed macro backdrop. The CEO highlighted the impact of recent stimulus—about $300 billion in AI‑focused R&D credits and deregulation—on corporate investment, and stressed that JPMorgan has roughly $40 billion of excess capital. Rather than accelerating stock buybacks, Dimon said the bank will prioritize organic growth, technology upgrades, and selective acquisitions, describing his stance as “cautiously pessimistic.” He offered memorable sound bites, including “I prefer to help my existing shareholder, not my leaving shareholder,” and warned that higher inflation and widening credit spreads could erode future earnings. Dimon also praised the upcoming Fed chair, Kevin Walsh, for potentially shrinking the Fed’s balance sheet and simplifying liquidity regulations. The remarks signal a push for a new American industrial build‑out, suggest JPMorgan may deploy capital toward strategic deals, and could influence market expectations around Fed policy, bank profitability, and the broader investment climate.
Markets Weekly May 30, 2026
Markets saw a quiet, steady rally last week punctuated by heavy call-option activity that echoes past speculative booms and raises concern about an abrupt correction. Geopolitical hopes for a ceasefire faded after the president declined to sign an agreement, keeping...
Every Time Inflation Has Crossed 4% the Market Has Crashed.
Incoming Fed chair Kevin Warsh faces a historically perilous backdrop as U.S. consumer inflation nears the 4% threshold that has preceded every major market crash since 1970. Inflation has risen from 2.4% in late February to 3.8% in April, with...
Jamie Dimon REVEALS What Happened in Closed-Door Meeting with Mamdani
Jamie Dimon sat down at the Reagan National Economic Forum to give his read on the U.S. economy and to recount a closed‑door meeting with New York City Mayor Zohran Mamdani. He painted a mixed picture: GDP is expanding at...
Americans Are Giving Up On Their Mortgage Payments As Foreclosure Filings Rise
Foreclosure filings in the U.S. have climbed to roughly six-year highs as a growing number of homeowners fall behind on mortgage payments. Rising mortgage rates, higher property taxes, insurance premiums, maintenance costs and broader inflation have squeezed household budgets, making...
Americans Are Saving Less
The Commerce Department reported that the U.S. personal savings rate slipped to about 2.5% of disposable income in April, the lowest level since June 2022. The decline reflects households exhausting tax‑refund buffers, wages lagging behind inflation, and a shift toward credit‑card...
Can AI Keep the Market Rally Going?
Jeremy Siegel, Wharton emeritus professor, argues that artificial‑intelligence‑driven equities are sustaining the stock‑market rally despite headwinds from higher inflation, surging oil prices, and an uncertain Federal Reserve policy path. He assesses the outlook for interest rates, noting that the Fed’s...
US-Iran 60 Day Memo of Understanding, Anthropic Overtakes OpenAI, MLB Pay Cap: Bloomberg News Now
U.S. and Iran have reportedly agreed to a 60-day memorandum of understanding to kick off negotiations on Iran’s nuclear program, pending President Trump’s approval and subject to his three conditions, while mediators and international partners press for a rapid decision....
Equity Index Futures Hit New Records as Market Volatility Dropped. 5/28/26
Equity index futures hit fresh highs as the S&P 500 and Nasdaq set new records—S&P up roughly 0.5% and Nasdaq about 1%—while the Dow remained flat, driven by strength in tech names like Snowflake (up nearly 40%) and several chip...
Fresh US Strikes On Iran, ‘Lost Generation’ Fear, Europe’s Football Rich List | Bloomberg...
The US launched fresh air strikes on Iranian military targets and shot down multiple one-way attack drones near the Strait of Hormuz, as President Trump vowed to prevent any single nation from controlling the waterway and Treasury targeted Iran’s Strait...
Core US Inflation Data the Key for FX Moves | the Trade
The Trade episode centered on US core PCE inflation data as the catalyst for FX moves, while geopolitical developments in the Gulf—particularly the disputed Strait of Hormuz—continued to sway oil prices and risk sentiment. Analysts noted that oil slipped despite fresh...
JP Morgan Just Confirmed the Worst-Case Scenario
JP Morgan has officially dismissed the so‑called “Goldilocks” scenario, signaling that it now expects a negative growth shock to hit the U.S. economy. The bank’s latest outlook marks a sharp departure from earlier Wall Street optimism that growth would slow without...
This 'Market Irony' Is Key Reason Why Janus' Multi-Asset Macro Investing Head Likes Cash Right Now
Janus Henderson’s multi‑asset macro chief Michael Anthopoulos explained why his team now holds about 7 % of portfolio assets in cash, a level he described as “a little unusual” for a traditionally equity‑heavy strategy. He cited heightened geopolitical risk, lingering inflation...
Decoding the Consumer: Sentiment Vs. Confidence
The video by Jennifer Nash examines divergence between two consumer attitude benchmarks – the Conference Board Consumer Confidence Index and the University of Michigan Consumer Sentiment Index – highlighting how they paint opposite pictures of American households in May 2026. The...
Why Mortgage Rates Could Get Worse Under Trump’s New Fed Chair
President Trump nominated and the Senate approved a new Federal Reserve chair who is widely expected to press for lower policy rates. But housing-market analysts warn that cutting the Fed’s benchmark could worsen inflation already driven by the Iran war...