Jamie Dimon on market exuberance
From Conversation with Jamie Dimon, Chairman & CEO of JPMorganChase · · Ronald Reagan Presidential Foundation & Institute
“I view the market as exuberant. You know, it's and I've seen this before. You know, of course, exuberance can go on a long time and and it's not bad. sometimes you know earnings are up 15 20% this year and a lot of these companies have huge order books so it may be justified uh but you know there is also hype in in some of the stuff you see hype in other uh commodities too and then credit spreads are very low so I look at all that as actually a risk so it makes you feel good but if something goes wrong those asset prices can come down interest rates are gravity asset prices so you know it's a risk I'm not terrified about it we can handle whatever it is we look at risk, we look at the range of potential outcomes that can handle it.”
On , Jamie Dimon, Chairman & Chief Executive Officer at JPMorgan Chase, spoke about market exuberance during Conversation with Jamie Dimon, Chairman & CEO of JPMorganChase on Ronald Reagan Presidential Foundation & Institute.
About Jamie Dimon
Jamie Dimon, chairman and CEO of JPMorgan Chase, has been a prominent voice at recent economic forums. In May 2026, speaking at the Reagan National Economic Forum, Dimon described the U.S. economy as “pretty good,” citing 2% growth and low unemployment, while noting that inflation was “ticking up.” He characterized the stock market as “exuberant,” adding that while corporate earnings were strong, there was “hype” in some areas and that low credit spreads represented a risk. Dimon repeatedly warned of “tectonic plate” geopolitical shifts, including the war in Ukraine, the conflict in Iran, remilitarization, and trade restructuring, which he said “dwarf the short-term economy.” He expressed a wish for more U.S. support for Ukraine and said he hoped the Iran war would “settle properly for us.” Dimon also focused on domestic policy, advocating for what he called “good policy” over tax increases or new spending, and arguing that fixing regulation could boost growth by 1%. He discussed a meeting with New York City Mayor Zohran Mamdani, saying he had “said everything I wanted to say” and noted that mayors can fail if “ideology blinds them.” Dimon announced JPMorgan’s “American Dream Initiative,” which includes targets for mortgages, affordable housing, small-business banking, and financial education. On technology, he praised SpaceX as “extraordinary” and acknowledged that AI will create and replace jobs, but argued the U.S