As the conflict between Iran and the US continues to escalate, JPMorgan Chase CEO Jamie Dimon said investors are underestimating geopolitical and fiscal risks that could eventually rattle stock markets, adding that he would not buy either equities or bonds at the current prices.
“I do think those risks are probably bigger than other people think,” Dimon said during an interview with Wilfred Frost, highlighting the wars in Ukraine and Middle East, along with rising tensions between US-China, leading to rising military spending at a time when government deficits are escalating.
