The S&P 500 is near record highs. Micron just became a $1 trillion company in 48 trading days.
Credit spreads are historically tight. Jamie Dimon has seen this before.
The JPMorgan Chase CEO has spent the better part of 2026 watching markets climb through the same risks he has been flagging for months. At the Reagan National Economic Forum on May 29, he chose his words carefully.
He did not call it a bubble. He did not tell investors to sell. What he said was more nuanced than either of those things, and more important.
His message deserves to be read in full rather than reduced to its most quotable line.
Credit spreads are historically tight. Jamie Dimon has seen this before.
The JPMorgan Chase CEO has spent the better part of 2026 watching markets climb through the same risks he has been flagging for months. At the Reagan National Economic Forum on May 29, he chose his words carefully.
He did not call it a bubble. He did not tell investors to sell. What he said was more nuanced than either of those things, and more important.
His message deserves to be read in full rather than reduced to its most quotable line.
2 days ago
