JPMorgan Chase CEO Jamie Dimon: Market Risks "Bigger Than Other People Think," Not Buying Stocks or US Treasuries Now
JPMorgan Chase CEO Jamie Dimon stated that current market risks are "probably bigger than other people think," and he is not buying stocks or U.S. Treasuries at current prices. Dimon highlighted escalating geopolitical tensions, including the U.S.-Iran war and the ongoing war in Ukraine, which could drive up oil prices and inflation. He also expressed concerns that rising government deficits could lead to a bond crisis and uncertainty regarding the timeline for returns on significant AI investments. Dimon previously predicted a coming "crack" in the bond market and has voiced worries about a serious market correction.
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