Jamie Dimon: S&P 500 Could Easily Go Down Another 20%

EXCERPT:

REPORTER: “What about stock markets? Where do you see the trough for the S&P 500?”
DIMON: “Oh, I don't know. You know, look, it -- it may have ways to go. I mean, it really depends of that soft landing, hard landing thing, and since I don't know the answer to that, it's hard for me to answer that. But it could be -- it could be another easy 20 percent. And -- you know, I think like the next 20 percent are going to be much more painful than the first. Rates going up. Another 100 basis points are a lot more painful than the first 100, because people aren't used to it. And you know -- and I think negative rates with all said and done will -- will be a -- have been a complete failure.”