JPMorgan's Dimon: The market exhibits an unusual level of complacency, seriously underestimating the risks of inflation and stagflation.

Golden Finance reported that JPMorgan Chase CEO Jamie Dimon warned people not to be complacent in the face of a series of risks, citing inflation, credit Interest Spread, and geopolitical issues. Dimon stated that the likelihood of escalating inflation and stagflation is greater than people think, and he pointed out that asset prices in the U.S. remain high, adding that the credit Interest Spread does not account for the potential impact of an economic downturn. Even after Moody’s Ratings stripped the United States of its last highest credit rating last Friday, the S&P 500 Index erased its initial losses on Monday, as traders seemed to look beyond the downgrade. “People feel good because they haven’t seen the impact of tariffs yet,” Dimon said. “The market fell 10%, and now it’s up 10%; I think this is an unusual sense of complacency.” (Jinshi)