JPMorgan CEO Jamie Dimon Warns of Imminent US Stock Market Crash Within Two Years

Jamie Dimon has expressed significant concerns about the US stock market's future, stating he is "far more worried than others" regarding a potential serious market correction.

The Chairman and CEO of JPMorgan Chase warned that the probability of a stock market crash is higher than many investors currently anticipate, according to BBC reports. Dimon suggested this correction could materialize within the next six months to two years, and advised caution amid growing economic uncertainties.

As the leader of America's largest bank, Dimon told the BBC that the United States has become a "less reliable" global partner. He expressed ongoing concerns about US inflation, though he maintained confidence that the Federal Reserve would preserve its independence despite the Trump administration's repeated criticisms of chair Jerome Powell.

Dimon highlighted several contributing factors to the current climate of uncertainty, including escalating geopolitical tensions, expanded government spending, and global remilitarization efforts.

"All these things cause a lot of issues that we don't know how to answer," Dimon explained. "So I say the level of uncertainty should be higher in most people's minds than what I would call normal."

The recent years of rapid stock market growth have been significantly driven by artificial intelligence investments.

On Wednesday, the Bank of England drew parallels to the dot-com boom and subsequent bust of the late 1990s, warning that AI technology companies' valuations "appears stretched" with increasing risk of a "sharp correction".

"The way I look at it is, AI is real, AI in total will pay off," Dimon remarked.

"Just like cars in total paid off, and TVs in total paid off, but most people involved in them didn't do well."

He further cautioned that some AI investments would "probably be lost."