JPMorgan Chase CEO says President Trump has now awaken the animal spirits in U.S. stocks.

Dan Rochefort

2017-02-13 09:35:00 Mon ET

JPMorgan Chase CEO Jamie Dimon says President Trump has now awaken the *animal spirits* in the U.S. stock market.

The key phrase, animal spirits, is the term that Sir John Maynard Keynes coined in his 1936 book on the economic science, The General Theory of Employment, Interest, and Money, to describe the instincts, proclivities, and emotions that ostensibly guide human economic behaviors.

Animal spirits manifest in the form of consumer confidence, investor sentiment, and business executive optimism.

Dimon refers to the recent stock market rally as a clear indication that consumer confidence skyrockets while investor sentiment continues to be high.

Trump tax cuts, infrastructure, and deregulation can all contribute to this CEO optimism during the current interest rate hike.

The Trump stock market rally has thus far added $2 trillion to the vast majority of American stocks.


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President Trump criticizes the WTO and proposes indexing capital gains taxes to inflation for U.S. investors.

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2018-08-29 10:37:00 Wednesday ET

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PayPal earns great fintech reputation from its massive worldwide network of 250+ million users.

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2018-10-19 13:37:00 Friday ET

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Michael Bloomberg helps Democrats flip the House in the midterm elections and then gears up his presidential bid.

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2018-11-11 13:42:00 Sunday ET

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Facebook faces a major data breach by Cambridge Analytica that has harvested information from 50 million Facebook users.

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2018-03-17 09:35:00 Saturday ET

Facebook faces a major data breach by Cambridge Analytica that has harvested information from 50 million Facebook users.

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OECD cuts the global economic growth forecast from 3.5% to 3.3% for the current fiscal year 2019-2020.

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2019-03-27 11:28:00 Wednesday ET

OECD cuts the global economic growth forecast from 3.5% to 3.3% for the current fiscal year 2019-2020.

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