Mentions of 'chaos' are spiking in analyst reports
AFP
- Mentions of the word "chaos" spiked last week in sell-side analyst reports, according to AlphaSense.
- More than 420 documents included the word in the week ending April 5, with more than 100 posted since.
- AlphaSense says its database includes research from more than 1,500 banks.
In his annual letter to shareholders released Monday, JPMorgan CEO Jamie Dimon used the word "uncertainty" five times to describe the current economic situation — the same number of times he said it last year.
Elsewhere on Wall Street, sell-side analysts are using a different term, and they're using it a lot more.
Mentions of the word "chaos" spiked last week in broker and independent research reports, according to data from market intelligence company AlphaSense, which found that more than 420 documents included the word in the seven days ending April 5. That was roughly four times as often as its average weekly use in the past year.
For this week, i.e. Sunday and Monday, more than 100 reports have been posted, with more surely on the way.
AlphaSense says its database includes research from more than 1,500 banks.
Global stocks have been dragged down by President Donald Trump's wide-ranging tariff announcements. US markets were further roiled on Monday by rumors of delays to the levies, sending shares up — which the White House later said was "fake news," sending them back down.
Merriam Webster notes that before "chaos" came to signify a jumble or confusion, the Greek-originated word meant "void" or "abyss." Either way, anyone looking at their 401(k) accounts this week would likely agree the term is apt.