Jamie Dimon states geopolitical threats and valuations deter him from buying stocks or Treasuries amid strong market gains.
JPMorgan Chase CEO Jamie Dimon said market risks, including geopolitical tensions, are larger than investors perceive. He cited conflicts like the U.S.-Iran standoff and Ukraine war as underappreciated threats, despite recent market rallies.
The Dow, S&P 500, and Nasdaq have risen 8%, 10%, and 11% year-to-date, respectively. Dimon acknowledged some risks may be priced in but warned of unforeseen triggers that could disrupt markets.
Dimon, a prominent financial voice, reiterated his cautious stance, avoiding equities and U.S. Treasuries at current levels. His remarks follow prior warnings about market vulnerabilities.