Morgan Stanley Says ‘Bear Market Rally’ Is Now Over

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Five key takeaways from Jamie Dimon’s letter to JPMorgan’s investors

Jamie Dimon, CEO of JPMorgan Chase & Co, published his closely watched annual letter to shareholders on Monday, covering critical issues including the war in Ukraine, the energy crisis, sanctions, inflation and interest rates. “They present completely different circumstances than what we’ve experienced in the past – and their confluence may dramatically increase the risks ahead,” Dimon wrote, adding the war will also affect geopolitics for decades.

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