Charts I’m Watching: May 20, 2025

Futures are slightly lower as we approach the open.

FWIW, Jamie Dimon is still talking overpriced equities and stagflation, stating that the risks are essentially double what the market thinks.

Meanwhile, as Trump’s trade war continues, non-US investors are understandably nervous about America’s shaky finances in light of Republicans spending megabill that could add $3.3 trillion to the already ballooning deficit.

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