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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Carl Icahn mulls over steps to shake up the board of SandRidge Energy after it adopts a counter poison pill.

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2017-11-29 07:42:00 Wednesday ET

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The Economist delves into the modern perils of tech titans such as Apple, Amazon, Facebook, and Google.

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2018-01-12 07:37:00 Friday ET

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American exceptionalism often turns out to be the heuristic rule of thumb for better economic growth, low and stable inflation, full employment, and macro-financial stability.

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