A growing collection of hedge fund managers, financiers and analysts say the markets are now running too hot and are at risk of a sudden downturn.

Now that JPMorgan Chase CEO Jamie Dimon and Tesla CEO and DOGE leader Elon Musk have repaired their relationship after years of litigation, Dimon is wishing Musk well on his new government endeavor. When asked for his thoughts on DOGE and the agency's effort to cut government waste on Monday by CNBC's Leslie Picker,

JPMorgan Chase, Citizens and Huntington have reduced or eliminated their references to diversity, equity and inclusion amid a White House crackdown, according to the banks’ latest annual filings.

The issue was discussed by CEO David Solomon and the bank’s partners at their annual meeting in Miami earlier this month, multiple sources told The Post.

Trump’s efforts at the federal level have not just affected the government. His focus on DEI—which he had also targeted throughout his campaign —comes as major companies also scale back on their DEI initiatives, some in small ways, others by dismantling full branches of their organizations.