CEOs bracing for downturn

The head of JPMorgan Chase & Co., Jamie Dimon, shared in early October he believes the US is heading for a recession. He’s not alone. A recent survey of CEOs found that the majority are preparing for a downturn. Brokerage leaders have been sensing a market shift for months as larger, macro-economic developments, like the US Federal Reserve’s interest rate hikes, impact all parts of the US economy. Time will tell how this unfolds, but caution is the watchword for now.