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Stock impact report

Trump has unleashed chaos – but stock prices are defying gravity [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Jamie Dimon, JP Morgan's boss, has said that a recession is “likely”, while Larry Fink, his counterpart at BlackRock, has warned that the downturn may have already begun Such gloomy forecasts emerged after Donald Trump unleashed his global trade war, as many fear the US president's tariffs will hammer growth and sting households. However, even after trillions of dollars were wiped off stock markets, Wall Street is not running for cover just yet. In fact, traders are gambling on the prospect of vast profits – even despite Trump's outlandish and erratic policy announcements. Since the S&P 500 plunged by more than 12pc in the aftermath of Trump's “liberation day” tariffs announcement, Wall Street's benchmark stock index has rebounded by nearly 8pc. The FTSE 100 , which dropped by more than 10pc after Liberation Day, has since rallied to a 2.4pc loss over that period. “You have to go back to 2022 to find valuations as attractive as they are today,” says Rory McPherson&ZeroWid Show less Read more
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