Overview
- The JPMorgan CEO told the BBC he is "far more worried than others," estimating the probability of a serious selloff at roughly 30% over six to 24 months.
- He reiterated that a 2026 recession remains possible and said he is a little more nervous that inflation may not fall as expected.
- Dimon warned that concentrated AI bets could unwind and that some AI investment will likely be lost even if the technology ultimately pays off.
- He cited geopolitical tensions, heavy fiscal spending, global remilitarization and recurring U.S. government shutdowns as key sources of uncertainty.
- His cautions aligned with recent alerts from the IMF and Bank of England about stretched valuations and higher global uncertainty, even as major U.S. indexes hover near record highs.