Wall Street analysts are worried that the U.S. economy is entering a period of turbulence as stock market enthusiasm collides with uncertainty about Donald Trump's agenda.
Share values and cryptocurrency prices have been buoyant since Trump’s election, but some on Wall Street believe the party could be over soon.
And while Dimon has broadly supported Trump’s tariffs and budget cuts, others are concerned about the economic impact of laying off thousands of federal employees, and slashing federal contracts.
But some analysts are worried, both about whether this enthusiasm is sustainable and about whether Trump's policies — particularly his promised tariffs on foreign imports — will dampen the party.
Other analysts have claimed that the stock market is underestimating the likelihood and impact of Trump's tariffs, which have so far remained more bark than bite.
