Jamie Dimon states geopolitical threats and valuations deter him from buying stocks or Treasuries amid market gains.
JPMorgan Chase CEO Jamie Dimon said market risks, including geopolitical tensions, are more severe than investors acknowledge. He revealed he would not purchase stocks or U.S. Treasuries at current levels, citing overlooked threats like the U.S.-Iran conflict and Ukraine war.
The Dow and S&P 500 have risen nearly 8% year-to-date, while the Nasdaq has gained about 7% as of July 27. Dimon’s remarks contrast with the recent rally, suggesting complacency among market participants.
No immediate market reaction was reported following his comments.