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CNBC· July 21, 2026

Dimon: Markets Underestimate Risks — He Wouldn't Buy Stocks or Bonds Now

JPMorgan Chase CEO Jamie Dimon issued a stark warning to investors, saying markets are significantly underestimating accumulated risks. He pointed out that traders are too easily brushing aside geopolitical tensions, trade wars, and tariff-related uncertainties while continuing to buy assets at elevated prices. Dimon stated that he personally would not purchase U.S. equities or government bonds at current levels. His stance stands in sharp contrast to the prevailing optimism that has dominated markets in recent months. Analysts view Dimon's comments as a serious signal given his reputation as one of the world's most influential bankers.