Jamie Dimon Sounds the Alarm On Possible ‘Serious Fall’ in U.S. Stock Market

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JPMorgan Chase CEO Jamie Dimon explained why he was more worried than others that a U.S. stock market crash could be imminent.

The comments came from a BBC interview published on Thursday. During the conversation, Dimon broke down why his level of concern over various factors — including inflation and the geopolitical climate — is greater than what’s already been priced into the market.

“I am far more worried about that than others,” Dimon said in reference to a severe market correction. “Now I’m talking about probabilities. I would give it a higher probability than I think is probably priced in the market and by others. So, it’s market’s pricing in 10%, I would price in, I would say it’s more like 30%.”

Dimon avoided predicting when that crash could happen, adding that it could be in six months or even two years.

“The amount of uncertainty — and I put geopolitics in that category, fiscal spending in that category, politics in that category, the remilitarization of the world in that category — all of these things coincide,” Dimon continued. “A lot of issues that we don’t know how they’re gonna sort out. So the level of uncertainty should be higher in most people’s minds than what I call normal.”

The Guardian reported on Dimon’s comments and noted he was not the only one sounding the alarm, “On Wednesday, the head of the International Monetary Fund, Kristalina Georgieva, said the world economy had shown surprising resilience in the face of Donald Trump’s trade war, but issued a stark warning about the mounting risks, saying: ‘Buckle up: uncertainty is the new normal.’”

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