JPMorgan's warning of a 40% decline in stocks is mostly about tariff politics

Yahoo Finance Video

Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss a statement JPMorgan Chase & Co. executive Daniel Pinto made to Bloomberg, warning that stocks could fall up to 40% in the next two to three years. Chairman Jamie Dimon also weighed in, saying he sees a recession by late 2019 at the earliest.

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