Jamie Dimon cites high global debt and fiscal deficits as reasons to avoid long-dated U.S. bonds and index investing.
JPMorgan CEO Jamie Dimon stated he would not invest in long-dated U.S. Treasuries or the S&P 500 at current prices. He argued that elevated global debt and fiscal deficits limit upside potential, suggesting the 10-year Treasury yield should range between 4% and 4.5% even if inflation stabilizes at 2%.
Dimon’s remarks follow concerns over persistent macroeconomic pressures. He emphasized a preference for individual stock selection over broad index exposure, though he left room for opportunistic investments if valuations become compelling.
The comments reflect cautious sentiment amid ongoing debates over equity and bond market valuations in a high-debt environment.