From CNBC: 2025-01-22 08:47:07

Jamie Dimon, CEO of JPMorgan Chase, expressed caution about the inflated U.S. stock market due to risks from deficit spending, inflation, and geopolitical upheaval. He highlighted that asset prices are historically high, including the S&P 500’s back-to-back gains of over 20% in 2023 and 2024, and sovereign debt reaching all-time highs.

Dimon, a respected voice in finance, has been warning about economic risks since 2022. Despite exceeding expectations in recent years, he remains cautious about deficit spending, inflation, and global conflicts like the Ukraine war. He expressed concern about the long-term impact of these factors on the world for the next 100 years.

During the interview, Dimon supported tariffs on imports for national security, reconciled with Elon Musk, and ruled out running for office in 2028. His remarks at the World Economic Forum in Davos, Switzerland, reflected a blend of concerns and strategies to navigate the current economic landscape.



Read more at CNBC: U.S. stock market is ‘inflated’