• JPMorgan Is Strategizing in Case of ‘a Major Miscalculation From Sanctions' by Trump

    2 monthes ago - By Fortune

    JPMorgan Chase & Co. strategists are starting to make forecast and strategy changes around the potential that President Donald Trump gets so overconfident in the robust economy and markets that he makes a "major miscalculation.”
    The worry is that "U.S. economic and equity market resilience despite tariffs will embolden the President on all geopolitical fronts - autos, Nafta and particularly Iran - and thus risk a major miscalculation from sanctions that are tough to calibrate," strategists led by John Normand wrote in a note Sept. 21.
    The strategists said that's part of the reason the firm...
    Read more ...