Between the COVID-19 stimulus programs that saw the printing of approximately 20% of all dollars ever created, the still-high inflation and matching interest rates, and the stock market nonetheless riding relatively high, 2023 was marked by concerns about a possible recession or stagflation, and questions if the U.S. economy will achieve the much-discussed soft landing.
Such worries were largely eliminated by the start of 2024 as a euphoria, driven by a massive crypto market rally and a similar stock market surge that led to both the S&P 500 and the Dow Jones Industrial Average (DJIA) indices riding close to record highs, set in.
Still, there remains a list of both vocal and moderate bears who still foresee possible trouble on the horizon.
One of them – Jamie Dimon, the CEO of JPMorgan Chase (NYSE: JPM) – shared his view that there is still a 65% chance that the U.S. will enter a recession in 2024 in an appearance at the Australian Financial Review business summi
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