{"id":1882,"date":"2026-06-21T14:12:41","date_gmt":"2026-06-21T14:12:41","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1882"},"modified":"2026-06-21T14:12:41","modified_gmt":"2026-06-21T14:12:41","slug":"if-youre-surprised-by-how-well-the-stock-market-is-doing-so-is-jamie-dimon-he-says-theres-a-little-tsunami-heading-for-the-economy","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1882","title":{"rendered":"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy"},"content":{"rendered":"
\n

And yet the S&P 500 is up nearly 80% over the past five years, the Nasdaq up more than 86%. Even with the global oil supply shock in over the past three-plus months, Wall Street has remained bullish\u2014thanks, in large part, to the promise of artificial intelligence.<\/p>\n

Read more Vice President\u00a0JD Vance heads to Switzerland for talks with Iran but says he will only be there \u2018for a day or two\u2019<\/a><\/p>\n

If investors are surprised by seeing their portfolios continue to tick up in the face of such headwinds, so is JPMorgan Chase CEO Jamie Dimon. <\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

The Wall Street veteran admitted he\u2019s a little taken aback by the market\u2019s apparent complacency at present. Speaking in a discussion held by the Council on Foreign Relations, Dimon said: \u201cI am surprised because I think that you have Ukraine, Iran, oil, Russia, and our relationship with China. That stuff is really important for the free world, but it\u2019s not necessarily the economy today.\u201d<\/p>\n

While consumers and analysts may be focused on the short term, Dimon said he was concerned about the shifting \u201ctectonic plates\u201d shaping the economy\u2019s trajectory over the much longer term. <\/p>\n

\u201cI am quite worried about it,\u201d the banker added. \u201cThey may determine the economy, but it may be a year from now, a few years from now, or maybe it will all be reserved somehow. But I\u2019m quite concerned about it, so put me in the more cautious category about how that plays out.\u201d <\/p>\n

To be in a category among the more skeptical on Wall Street is nothing out of the ordinary for Dimon. The JPMorgan chairman wrote in 2024 that he ran America\u2019s largest bank with a military leadership tactic in mind: the \u201cOODA loop.\u201d<\/p>\n

Read more World Cup teams will be paid a record $871 million: Each team will get $12.5 million as a bare minimum for playing and \u2018preparation money\u2019<\/a><\/p>\n

\n
<\/div>\n<\/div>\n

The acronym stands for observe, orient, decide, act\u2014with Dimon adding: \u201cOne cannot overemphasize the importance of observation and a full assessment\u2014the failure to do so leads to some of the greatest mistakes, not only in war but also in business and government.\u201d<\/p>\n

How long does the cycle last?<\/h2>\n

There are a handful of tailwinds supporting market optimism at present, despite the broad-based global issues that have dampened Dimon\u2019s spirits. He acknowledged that confidence can be derived from AI capex, which is booming to the tune of $700 billion this year and is expected to continue, from unemployment holding steady at 4.3%, and from GDP expanding at approximately 2%.<\/p>\n

\n
\n
<\/div>\n<\/div>\n<\/div>\n

Consumers have also been given a boost by the One Big Beautiful Bill Act. While research suggests much of that relief has been offset by fuel price rises resulting from the Middle East conflict, it is nevertheless a stimulus injection that helped the economy.<\/p>\n

\n
<\/div>\n<\/div>\n

But all cycles must come to an end, which Dimon is well aware of. While he said these factors aren\u2019t necessarily \u201cbad\u201d right now, he added: \u201cYou don\u2019t know what they\u2019re going to do a year from now, or two years from now. We\u2019re in a bull market. It\u2019s like a little tsunami. When that kind of thing happens, it\u2019s very hard to stop.\u201d<\/p>\n

Read more A new trade war may be brewing. This time, Europe is taking a page from Trump\u2019s playbook \u2014 \u2018We no longer live in a world of pink ponies and rainbows\u2019<\/a><\/p>\n

\n
<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

JPMorgan Chase CEO Jamie Dimon admitted he was surprised by the level of bullish sentiments in the market at present.<\/p>\n","protected":false},"author":1,"featured_media":1881,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[127],"tags":[],"class_list":["post-1882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jamie-dimon"],"yoast_head":"\nIf you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy - Cross Country Moving Team<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crosscountrymovingteams.com\/?p=1882\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy - Cross Country Moving Team\" \/>\n<meta property=\"og:description\" content=\"JPMorgan Chase CEO Jamie Dimon admitted he was surprised by the level of bullish sentiments in the market at present.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/crosscountrymovingteams.com\/?p=1882\" \/>\n<meta property=\"og:site_name\" content=\"Cross Country Moving Team\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-21T14:12:41+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"headline\":\"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy\",\"datePublished\":\"2026-06-21T14:12:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882\"},\"wordCount\":598,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/a3c4c59a291bba0ae48e53f89db53481.webp\",\"articleSection\":[\"Jamie Dimon\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882\",\"name\":\"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy - Cross Country Moving Team\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/a3c4c59a291bba0ae48e53f89db53481.webp\",\"datePublished\":\"2026-06-21T14:12:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#primaryimage\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/a3c4c59a291bba0ae48e53f89db53481.webp\",\"contentUrl\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/a3c4c59a291bba0ae48e53f89db53481.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?p=1882#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#website\",\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/\",\"name\":\"Cross Country Moving Team\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/#\\\/schema\\\/person\\\/1b8121bfb9a1c55d1fff3fca675fceaa\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/crosscountrymovingteams.com\"],\"url\":\"https:\\\/\\\/crosscountrymovingteams.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy - Cross Country Moving Team","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/crosscountrymovingteams.com\/?p=1882","og_locale":"en_US","og_type":"article","og_title":"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy - Cross Country Moving Team","og_description":"JPMorgan Chase CEO Jamie Dimon admitted he was surprised by the level of bullish sentiments in the market at present.","og_url":"https:\/\/crosscountrymovingteams.com\/?p=1882","og_site_name":"Cross Country Moving Team","article_published_time":"2026-06-21T14:12:41+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#article","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=1882"},"author":{"name":"admin","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"headline":"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy","datePublished":"2026-06-21T14:12:41+00:00","mainEntityOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=1882"},"wordCount":598,"commentCount":0,"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/a3c4c59a291bba0ae48e53f89db53481.webp","articleSection":["Jamie Dimon"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/crosscountrymovingteams.com\/?p=1882#respond"]}]},{"@type":"WebPage","@id":"https:\/\/crosscountrymovingteams.com\/?p=1882","url":"https:\/\/crosscountrymovingteams.com\/?p=1882","name":"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy - Cross Country Moving Team","isPartOf":{"@id":"https:\/\/crosscountrymovingteams.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#primaryimage"},"image":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#primaryimage"},"thumbnailUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/a3c4c59a291bba0ae48e53f89db53481.webp","datePublished":"2026-06-21T14:12:41+00:00","author":{"@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa"},"breadcrumb":{"@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/crosscountrymovingteams.com\/?p=1882"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#primaryimage","url":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/a3c4c59a291bba0ae48e53f89db53481.webp","contentUrl":"https:\/\/crosscountrymovingteams.com\/wp-content\/uploads\/2026\/06\/a3c4c59a291bba0ae48e53f89db53481.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/crosscountrymovingteams.com\/?p=1882#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/crosscountrymovingteams.com\/"},{"@type":"ListItem","position":2,"name":"If you\u2019re surprised by how well the stock market is doing, so is Jamie Dimon\u2014he says there\u2019s a \u2018little tsunami\u2019 heading for the economy"}]},{"@type":"WebSite","@id":"https:\/\/crosscountrymovingteams.com\/#website","url":"https:\/\/crosscountrymovingteams.com\/","name":"Cross Country Moving Team","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/crosscountrymovingteams.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/crosscountrymovingteams.com\/#\/schema\/person\/1b8121bfb9a1c55d1fff3fca675fceaa","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/crosscountrymovingteams.com"],"url":"https:\/\/crosscountrymovingteams.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/1882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1882"}],"version-history":[{"count":0,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/posts\/1882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=\/wp\/v2\/media\/1881"}],"wp:attachment":[{"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crosscountrymovingteams.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}