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2025 has been a year of record highs for the UK and US stock markets. But while British shares continue to look undervalued, the same can’t be said for American equities. In fact, despite numerous economic threats and uncertainties looming on the horizon, the S&P 500 has continued to climb higher.
The market’s resilience is certainly welcome, but it could also be an early warning sign of complacency. And as a result, numerous investing experts have started warning of the possibility of catastrophe later this year.
Caution advised
Perhaps one of the most vocal voices of caution is coming from the CEO of JP Morgan Chase, Jamie Dimon. With new US tariffs soon to be reinstated with huge trading partners like Europe and China (unless a trade deal suddenly emerges), he’s warned of incoming inflation. Depending on its severity, consumer spending could soften significantly, resulting…


