Jamie Dimon warns of major market risk in next few years

Core Viewpoint - JPMorgan Chase CEO Jamie Dimon warns of a potential significant stock market correction within the next few years due to heightened uncertainty in the economic landscape [1][2][9] Economic Uncertainty - Dimon emphasizes that the level of uncertainty in the economy should be higher than normal, citing various risk factors including geopolitical tensions, fiscal spending, and global remilitarization [1][2] - He expresses concern about the risk of conflict, particularly regarding the U.S. stockpiling advanced weaponry in light of potential conflicts with China [4][5] Investment in AI - Dimon acknowledges that while investments in artificial intelligence (AI) will ultimately pay off, a portion of the surge in AI investment may not yield positive results [7] - He compares AI investments to historical technological advancements, noting that not all participants in those markets succeeded [7] Broader Economic Concerns - Dimon has repeatedly warned about threats to the economy and stock market, highlighting the impact of tariffs, immigration policy changes, and geopolitical challenges [9][10] - He cautions that the effects of these factors may have long cycles, and their immediate economic impact is still uncertain [10]