Is the bull market about to end? "Wall Street's top dog" warns: U.S. stocks face serious correction risks
JPMorgan Chase CEO Jamie Dimon warned that the U.S. stock market could face a significant correction risk in the next six months to two years. He pointed out that the current uncertainty stems from geopolitical risks, fiscal spending, and changes in the global situation. Nevertheless, Dimon is optimistic about artificial intelligence, believing it will drive stock market returns. Since the beginning of the year, the S&P 500, Dow Jones, and Nasdaq indices have all seen significant increases
According to the Zhitong Finance APP, JPMorgan Chase CEO Jamie Dimon stated that the U.S. stock market may face serious correction risks in the next six months to two years. In an interview, Dimon also mentioned that the U.S. is no longer a "reliable" partner on the global stage, and he remains somewhat concerned about inflation issues in the U.S.
However, Dimon emphasized that the Federal Reserve should maintain its independence. This statement comes at a time when U.S. President Trump has strongly criticized Federal Reserve Chairman Powell, raising concerns about the independence of the Federal Reserve. Dimon believes that many factors have contributed to the current uncertain situation, including geopolitical risks, fiscal spending, and the re-militarization of the world situation.
He stated in the interview, "All these factors have led to a series of problems that we cannot solve. So I say that in most people's minds, the level of uncertainty should be much higher than what is usually said."
Dimon holds an overall optimistic view of artificial intelligence, which is one of the main drivers of the recent stock market rise. He said, "In my view, artificial intelligence is real, and overall, it will eventually bring returns."
Since the beginning of the year, the S&P 500 index has risen by 14.8%, the Dow Jones Industrial Average has increased by 9.5%, and the Nasdaq Composite Index has grown by 19.3%. On Wednesday, the rise in technology stocks pushed the Nasdaq Composite Index to a new historical high, while investors are looking forward to Powell's positive remarks at the community banking conference
