Woofun AI reports that JPMorgan Chase CEO Jamie Dimon stated investors are underestimating global geopolitical and fiscal risks. He indicated he would not purchase the overall stock market or long-term US government bonds at current prices. Dimon highlighted the Russia-Ukraine war, Middle East conflict, and US-China tensions as potential market shocks, compounded by expanding government deficits and increased military spending.

Dimon noted that even if inflation returns to the Federal Reserve's 2% target, 10-year US Treasury yields could remain between 4% and 4.5%, limiting long-term bond price upside. Regarding equities, he declined to buy the broad market despite the S&P 500 rising nearly 10% this year, though he considered high-quality individual stocks. On AI, he compared current spending to the early internet era, suggesting payoffs may differ in timing and manner from expectations.