Finance
JPMorgan’s Dimon Sees Inflated Stocks as ‘Animal Spirits’ Return
- Gori cites ‘euphoria,’ Pinto says economy is in a good place
- ‘Asset prices are kind of inflated’ in US stock market: Dimon
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JPMorgan Chase & Co.’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank is striking a more cautious tone.
“Asset prices are kind of inflated” in the US stock market, Chief Executive Officer Jamie Dimon said in a CNBC interview Wednesday from the World Economic Forum in Davos, Switzerland. “You need fairly good outcomes to justify those prices, and we’re all hoping for that. I think having pro-growth strategies helps make that happen, but there are negatives out there and they can tend to surprise you.”