Covering bases?
Jamie Dimon. CEO of JPMorgan.
During their investor day today, Mr. Dimon highlighted a few risks in the market. These gathered by Yahoo Finance:
“The odds of stagflation — which refers to a recession with higher inflation — "are probably two times" what the market expects, he added.”
“Geopolitical risk is also a concern. It is "very, very, very high. How it plays out over the next several years, we don't know," Dimon said.”
Jane Fraser. CEO of Citibank.
She posted online today. Sourced from the same Yahoo Finance article:
"We are entering a new phase of globalization — one less defined by cooperation, and more by strategic self-interest," Fraser wrote. "Long-held assumptions are being challenged, not just by tariff announcements but by a deeper confidence shock. The near-term impact is already being felt, and the long-term trajectory is being rewritten in real time."
"That tells us something deeper is going on," she continued. "Investors aren't just pricing near-term risks; they're reevaluating the credibility of long-held certainties. It's showing up in how capital moves. Pensions and asset managers are tilting more towards Japan, India and parts of Europe. Hedge funds are being selective and didn't chase the April equity bounce. Sovereign wealth funds are diversifying more aggressively. Hedging against the dollar is now at levels we haven't seen in years."
Source: Yahoo Finance: JPMorgan’s Dimon sees 'extraordinary amount of complacency' as markets recover from tariff shock
Any more news that sounds like disruption?
Sure, from late last week:
Dick’s Sporting Goods buys Foot Locker for $2.4B. Acquires 2,400 locations across 26 countries. Foot Locker stock jumped 80% the day of announcement. Dick’s stock dropped 16% the same day.
Rite Aid is bankrupt. They sold 1,000 of their pharmacy locations to rivals. From CNN: “The bankrupt company announced the fire sale Thursday, with CVS Pharmacy, Walgreens, Albertsons and Kroger scooping up Rite Aid’s pharmacy services at more than 1,000 locations.”
https://www.cnn.com/2025/05/16/business/rite-aid-pharmacy-sale