Only 28% of stocks from S&P 500 are above 200-day moving average. Previously reaching this level was followed by further market decline.

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JPMorgan’s CEO Criticizes Central Banks for ‘Dead Wrong’ Forecasts

Jamie Dimon of JPMorgan lambasted central banks for their glaring past forecasting errors, casting doubt on their ability to navigate the looming economic uncertainties. He drew a grim parallel between today’s economic situation and the wasteful 1970s, while dismissing the potential impact of rate hikes. Concurrently, Bridgewater’s CEO, Ray Dalio, predicted a dire economic outlook for 2024, highlighting risks like soaring public debt and potential conflicts.

 

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