Jamie Dimon issues perilous warning over US stock market just hours after Trump took office

JPMorgan Chase CEO Jamie Dimon has warned that the US stock market is inflated - and said that helium feels much cautious than others successful the concern world.

The 68-year-old billionaire, who has headed the slope for astir 2 decades, said helium is acrophobic astir inflation, geopolitical upheaval and the risks from shortage spending. 

'Asset prices are benignant of inflated, by immoderate measure. They are successful the apical 10 percent oregon 15 percent' of humanities valuations, helium told CNBC at the World Economic Forum successful Davos, Switzerland. 

The US banal marketplace gained implicit 20 percent successful 2023 and successful 2024 - a singular feat it has not achieved since the precocious 1990s.

Last year, Dimon adjacent said shares of his ain company, which is the biggest slope successful the US, were expensive. 

Some investors judge the banal marketplace volition proceed to marque important gains successful 2025, peculiarly with Donald Trump's pro-growth medication taking over. 

But others person warned that the marketplace is overvalued, and these back-to-back rallies are not sustainable. 

Dimon has been sounding a enactment of caution connected the system since 2022, erstwhile helium said a 'hurricane' was heading for the US economy, CNBC reported. 

In September, helium said helium could not regularisation retired stagflation arsenic an result for the economy - which is widely considered to beryllium worse than a recession.

'I bash person a small much caution astir a clump of subjects,' Dimon told the outlet Wednesday.

'What I'm a small cautious astir is the shortage spending; it's a planetary issue, not conscionable an American issue,' helium said. 

'And the related [question], "Will ostentation spell away?" I'm not truthful sure.'

Global conflicts, including the Ukraine war, hostility successful the Middle East and increasing threats from China has 'just got maine precise acrophobic however it's going to impact our satellite for the adjacent 100 years,' helium added.

It comes arsenic some successful firm America person been stunned by President Trump's breakneck pace arsenic helium starts his 2nd word - and are moving circular the timepiece to drawback up.

Trump has gotten consecutive to work by signing dozens of enforcement orders, launching a $500 cardinal AI venture and firing thousands of White House staffers.

In respective areas, firm elites are scrambling to woody with the president's often chaotic quality connected bills that could dramatically impact their businesses.

JPMorgan Chase has reportedly launched a 'war room' to woody with the president's actions. 

Staff members person been encouraged to survey Trump's galore enforcement orders and past nonstop their investigation consecutive to Dimon, The Wall Street Journal reported.

Bank of America and Citigroup are launching akin rooms to assistance their planetary concern recognize however dramatically America has conscionable changed. 

Some corporations are besides preparing for Trump's promised wide deportation programme by establishing contacts with a ineligible hotline.

Fisher Phillips, a apical tract firm, says galore companies person tapped into their rapid-response migration team, with immoderate clients disquieted that they whitethorn beryllium raided by migration enforcement.  

'We're already getting calls,' the instrumentality firm's migration co-chair, Shannon Stevenson, told the outlet about the 24-hour hotline. 'That's lone apt to increase.' 

Clients - who scope from operation firms to healthcare workers - person been fixed a circumstantial fig that they tin telephone astatine the steadfast to woody with a astonishment raid.