"Wall Street's Top Dog" Sounds the Alarm: U.S. Stocks Face Significant Correction Risk

During an interview that day, Dimon stated, "I am much more worried about this than others." He pointed out that numerous current uncertainties are creating a market atmosphere filled with risks, including escalating geopolitical tensions, high fiscal deficits, and global rearmament.

The head of America's largest bank claimed, "All these issues are intertwined, and we don't even know how to provide answers." He added that multiple risk factors are making the signs of the U.S. stock market "overheating" increasingly evident, yet they are being selectively ignored by investors.

Regarding inflation, Dimon expressed only "slight concern" but emphasized that the Federal Reserve's independence is unshakable. Even though the Trump administration has recently continued to publicly criticize Fed Chairman Powell, he believes Trump will not substantially interfere with interest rate decisions.

In fact, Dimon expressed caution about the U.S. economic outlook last month. He warned at the time that the impacts of tariffs, immigration, geopolitics, and the Trump administration's tax and spending policies are long-term, and the full effects of these policies have yet to be seen.

Dimon also revealed that trade negotiations between the U.S. and India may be close to a breakthrough. He added that he hopes to "bring India closer to the United States" and believes both sides are pushing for an agreement to reduce previously imposed punitive tariffs on India.

Addressing rumors about his potential entry into politics, Dimon responded that politics is "not on the agenda." He will focus on maintaining JPMorgan Chase's "health and vitality."