Dimon Warns of 'Too Happy' Markets Underestimating Risks Despite JPMorgan's Strong Quarter
• Jamie Dimon said markets are "too happy" and failing to price in potential for bad economic outcomes • He warned investors are underestimating chances of higher rates or a modest recession • Comments came same day as JPMorgan's estimate-beating Q1 earnings report • Dimon celebrated strong quarter but warned of "significant uncertain forces" like inflation and quantitative tightening • CFO Jeremy Barnum echoed Dimon, citing prominent economic, geopolitical, and regulatory uncertainties