JPMorgan expects limited demand for new loans across client segments

Seeing frontloading of spending on consumer side. Says consumers expecting price increases due to tariffs. Says corporate clients exhibiting a little bit of “wait and forecast” attitude in current environment. Expects companies to either remove guidance or cut earnings estimates going forward. Sees odds of a recession at 50%. Sees any price decline in stock as an opportunity for buybacks. Says tariffs discouraging strategic deals.