Jamie Dimon warns stock market and Treasury bond risks underpriced

JPMorgan Chase CEO Jamie Dimon said in an interview on Monday that he wouldn't buy stocks or long-term Treasury bonds at their current prices as he thinks investors aren't accounting fully for risks that could cause turmoil in equity and debt markets. Dimon said in an interview with CNBC that he thinks geopolitical and fiscal risks are "probably bigger than other people think" amid the ongoing conflicts in Ukraine and the Middle East, as well as looming tensions between the U.S. and China. He also said that growing budget deficits by governments around the world pose a fiscal risk during a period of rising defense spending, which could lead to interest rates on government bonds remaining higher. Dimon said he wouldn't buy long-term Treasurys given the current conditions of the bond market, saying that he thinks interest rates on U.S. bonds will likely remain elevated even if inflation subsides.