Jamie Dimon says there’s a 30% chance of a correction: ‘I’m far more worried than others’

Core Viewpoint - JPMorgan Chase CEO Jamie Dimon expresses significant concern about a potential stock market correction, suggesting that the risks are greater than what most investors perceive [2][3]. Group 1: Market Concerns - Dimon believes the market is underestimating the likelihood of a correction, estimating a 30% chance rather than the 10% that is currently priced in [2]. - He indicates that investors could experience a downturn within 6 months to 2 years [2]. - The level of uncertainty in the market is higher than what is considered normal, influenced by various factors including geopolitics and fiscal spending [3][4]. Group 2: Investment Sentiment - Dimon highlights the excessive hype surrounding AI investments, cautioning that while AI will ultimately yield benefits, much of the current investment may be wasted [5]. - He notes that stock valuations are high and credit markets do not reflect increased risks of default, indicating a disconnect in investor sentiment [4]. Group 3: Economic Outlook - Dimon dismisses the notion that rising crypto and gold prices signify a loss of faith in the U.S. dollar, asserting that the dollar remains the best currency globally [6].