JPMorgan’s Dimon Sounds Alarm: Markets Ignoring Looming Tariff Storm
Wall Street’s complacency hits new highs—just like those pre-crash vibes of ’07.
Tariff tensions? What tariff tensions? The market’s high on hopium again, brushing off geopolitical risks like a Goldman intern ignoring compliance training.
Meanwhile in reality-land: supply chains are one presidential tweet away from chaos, but sure—keep chasing those ATHs. After all, what could go wrong?

Beyond inflation risks, Dimon pointed to growing geopolitical shifts. Countries affected by U.S. tariffs are increasingly forging new trade alliances, which could erode America’s influence in global markets. He also stressed that reshoring manufacturing won’t be a quick fix, noting that building new production capacity typically takes years.
As of the latest close, the S&P 500 sits at 5,940—well into recovery territory—but Dimon’s tone suggests the Optimism might be premature.