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The Jamie Dimon Rally and What China Tensions Could Mean for Multinationals. 05/23/22

CNBC's "Fast Money"

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We're Half Way to a Recession, Right?

i just say, like the last couple of times that we've had recessions, or at least the last three, it was the same exact situation here. And we're half way to a recession, and i understand we won't know that we have a recession til after the fact. You look at j p morgan, which pays a three point three % divitin yield, whose balance he's probably never been better. I think we're suposed to be looking at a company on multiple and where they are in the cycle. It doesn't make me feel more confident that cos whose stocks are down 33 % on the year are saying something really optimistic about the consumer.

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