2024-05-24 07:30:00 ET
Summary
- JPMorgan CEO Jamie Dimon expressed concern about inflation and predicts higher interest rates for longer than expected.
- He highlighted secular drivers such as the energy transition, geopolitical issues, infrastructure spending, and large deficits/debt levels.
- The favorable period for inflation in developed nations from 2009 to 2021 is likely over.
- I present three undervalued dividend stocks I expect to beat the market on a prolonged basis.
Introduction
Some people on Wall Street are so powerful that whenever they are interviewed, people drop everything to hear what they have to say.
One of these people is JPMorgan ( JPM ) CEO Jamie Dimon, who has a reputation as one of the best banking CEOs in modern history.
Since January 1, 2000, his bank has returned 681%, beating the S&P 500 by roughly 220 points. That's a huge deal as it includes the Great Financial Crisis, the pandemic, and last year's banking woes.
With that said, Mr. Dimon came out earlier this week with a few fascinating comments on the economy, which made headlines across the financial industry....
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High Yields And Low Multiples - 3 Of My Favorite Dividend Stocks To Buy Right Now