The latest according to Jamie Dimon:
- “To say the consumer is strong today, so we are going to have a booming environment for years is a huge mistake,” he said
- The consumer is ‘pretty good’
- Excess savings are normalizing
- Trading at JPM is ‘doing fine’
- Credit deterioration is very modest
- Warns of economic risks from QT, fiscal spending and war
No red flags from Dimon.