In his annual letter to shareholders published on Monday, the CEO of JPMorgan, Jamie Dimon, used the word “uncertainty” five times to describe the current economic situation – the same number of times he said last year.
Elsewhere in Wall Street, analysts on the sales side use a different term and they use it much more.
The words of the word “chaos” increased last week in the broker and independent research reports, according to data from the intelligence company Market Alphasense, which revealed that more than 420 documents included the word within seven days ending on April 5. It was about four times more often than its average weekly use in the past year.
For this week, that is to say on Sunday and Monday, more than 100 reports were published, with more surely on the way.
AlphaSense indicates that its database includes research of more than 1,500 banks.
Global actions have been trained by the major pricing announcements by President Donald Trump. The American markets were more turned on Monday by rumors of delays on the samples, sending shares – which, according to the White House, were “false news”, returning them.
Merriam Webster notes that before the “chaos” has come to signify a jumble or a confusion, the word of Greek origin meant “empty” or “abyss”. Anyway, anyone who looks at their accounts 401 (K) this week would probably agree that the term is appropriate.