Markets have been rallying on hopes that Middle East tensions are easing and a ceasefire is within reach.
JPMorgan Chase CEO Jamie Dimon flew to Paris, sat down with Bloomberg, and pushed back on that entire premise
His exact words were carefully chosen. And what he is actually worried about goes considerably deeper than geopolitics. What Dimon said about financial markets and why it matters Dimon spoke with Bloomberg’s Francine Lacqua on “Bloomberg Open Interest” in Paris on May 12, warning of “a little bit too much exuberance out there” in financial markets, according to Bloomberg.
He was direct about what specifically concerns him. “The stock market is in the top 15%, credit spreads are very low. The general assumption is that these things are all going to resolve. And I’m kind of a skeptic,” Dimon told Bloomberg.