Jamie Dimon says investors are betting on a rosier economic path than he thinks is justified, warning that markets are pricing in a 'good outcome' despite mounting risks from government debt and geopolitical tensions, and revealing he is avoiding both broad stock market indices and long-dated US government bonds.
Dimon, the JPMorgan Chase chief executive, said investors were pricing 'probably not perfect, but probably a good outcome' even as inflation, fiscal deficits and global tensions continue to cloud the outlook.
