Jamie Dimon Says He Wouldn’t Buy Stocks or Treasurys at Current Prices
Dimon said geopolitical and fiscal threats are underpriced and said he would not buy broad stocks or long-dated Treasurys at current valuations.
- JPMorgan CEO Jamie Dimon warned Monday that markets underestimate geopolitical and fiscal threats, stating he would not buy equities or long-dated Treasurys at current prices.
- Dimon cited wars in Ukraine and the Middle East, tensions involving China, and government deficits as risks, saying "I do think those risks are probably bigger than other people think."
- Persistent U.S. budget deficits will drive interest rates higher, Dimon said, adding that "the 10-year bond should probably be at 4% to 4.5%," leaving little upside for Treasury prices.
- Regarding artificial intelligence, Dimon claimed "massive" investments will "probably" pay off, but "definitely not" in the way or timetable investors expect.
- While acknowledging the global economy is resilient due to lower energy dependence, Dimon warned that "you may need more straws in the camel's back to cause that tipping point.
23 Articles
23 Articles
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Jamie Dimon just warned that markets are underestimating serious global risks, and the latest oil surge suggests he has a point. But does his caution actually translate into a reason to sell, or does it reveal something more surprising about where the real opportunities are hiding?
Jamie Dimon Sounds Alarm on Overheated Markets as Stocks and Bonds Face Historic Pressures
Jamie Dimon rarely minces words. The JPMorgan Chase chief executive has built a reputation for calling out economic vulnerabilities long before they surface in headlines. This week his latest assessment sent ripples across trading floors. Investors, he suggested, underestimate the gathering threats. In a wide-ranging interview released Monday with CNBC contributor Wilfred Frost, Dimon made his position plain. He would not buy stocks at current v…
Jamie Dimon, head of the American investment bank JPMorgan Chase, warns that investors are underestimating the risks to the global economy. According to him, financial markets are paying too little attention to geopolitical tensions and rising government deficits. If he had to choose now, he would not buy stocks or long-term US Treasury bonds at current valuations, CNBC reports.
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The New York LedgerJamie Dimon says he wouldn’t buy stocks or Treasurys at current prices
Jamie Dimon said he wouldn't buy stocks or long-term Treasury bonds at current prices, citing geopolitical risk, budget deficits and elevated interest rates.
JPMorgan CEO Is Avoiding US Stocks and Long-Term Bonds: 'Risks Are Bigger Than People Think'
Jamie Dimon would not put his own money into US stocks or long-dated government bonds at today's prices. The chairman and chief executive of JPMorgan Chase, the world's largest bank by market value, said investors are underpricing a build-up of geopolitical and fiscal danger, and that neither side of the traditional portfolio looks worth owning. Dimon set out the view in an hour-long interview on the Master Investor Podcast with Wilfred Frost on…
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