JPMorgan CEO Jamie Dimon: US stocks are 'a bit overvalued'



Summary: Damon said that asset prices in the US stock market are "a bit overvalued," and by any measure, asset prices are in the top 10% or 15% of historical valuations. Certain parts of the bond market, such as sovereign debt, are also at "historical highs".

JPMorgan CEO Jamie Dimon said the U.S. stock market is inflated, and he is more cautious than others in the business world due to the risks posed by deficit spending, inflation, and geopolitical turmoil.

On Wednesday, Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNBC at the World Economic Forum in Davos, Switzerland:

Asset prices in the U.S. stock market are "a bit inflated," and by any measure, they are in the top 10% or 15% of historical valuations.

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