The prince said financial news: I can’t help it! Wall Street Big Boss warns twice a week!
With the release of the US blockbuster data - September Consumer Price Index (CPI) data, US stock experienced dramatic ups and downs on Thursday (13th). opened and slumped by more than 500 points, but turned red during the session soared by 1,500 points , and closed up 827 points in the late trading.
So what is the special thing about the CPI data in the United States in September?
Specifically, in September, the US CPI increased by 0.4% month-on-month and increased by 48.2% year-on-year, both exceeding expectations; the core CPI of excluding food and energy increased by 0.6% month-on-month and 6.6% year-on-year, which is also higher than market expectations.
In addition, after September's non-farm employment data and producer price index (PPI) exceeded expectations, a number of data also deepened the market's concerns about the Federal Reserve's (Fed) hike again 3-digit interest rates, triggering a fierce selling wave.
So what will happen to the US stock market next?
In response to this, Wall Street investment bank - JPMorgan CEO - Dimone (Jamie Dimon) stated this week that the recession will arrive next year.
Specifically, Dimon said that Europe is already in recession, and it will be the United States' turn in the next 6-9 months. In addition, he also specifically predicts that the United States may fall into recession within 6-9 months, and the S&P 500 index may also easily fall by 20%. [See our previous article for details: JPMorgan CEO Warning: Europe is already in recession, and the United States will also fall into recession in the next 6-9 months? 》】
Now this Wall Street boss has issued the latest warning: US stocks may plummet by 20%-30%.
In a forum on Washington , Dimon said: "The US economy may find it difficult to 'soft land', and the Federal Reserve cannot cool down the hot economy without triggering a recession."
In addition, Dimon also specifically warned: The US economy may experience a slight or severe recession, and in a severe recession, U.S. stocks may fall 20%-30% again.
Dimon said he felt that as inflation continues, Fed will raise the benchmark interest rate may exceed economists' expectations of 4% to 4.5%.
What do you think about this? What do you think will happen next?
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