JPMorgan's Dimon: The market exhibits an unusual level of complacency, seriously underestimating the risks of inflation and stagflation.
JPMorgan Chase CEO Jamie Dimon warned against complacency in the face of risks such as inflation, credit Interest Spread, and geopolitical issues. He noted the significant possibility of inflation and stagflation, high asset prices in the U.S., and that the credit Interest Spread does not account for the impact of an economic downturn. Despite the U.S. losing its last highest credit rating, the S&P 500 Index rebounded on Monday, and Dimon pointed out that market sentiment is complacent and needs to be heeded.
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