JAMIE DIMON WARNS OF 30% CHANCE OF MARKET CORRECTION
Jamie Dimon, CEO of JPMorgan Chase, says he’s “far more worried than others” about a U.S. stock market correction, estimating the risk at 30% vs. the market’s 10%. He warned the downturn could happen within 6 to 24 months.Dimon cited rising geopolitical tensions, fiscal spending, politics, and global re-militarization as major risks. He also noted that while AI will ultimately pay off, much of today’s investment may be wasted — similar to the dot-com era.He pushed back on claims of declining confidence in the U.S. dollar, calling it “still the best currency,” but suggested investors might consider diversifying.Dimon said unexpected shocks, like rising bond yields leading to stagflation and recession, are what worry him most.The copyright of this article belongs to the original author/organization.
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