Dimon: Improving Market Sentiment But Cautious on Economy, Welcomes Private Credit Scrutiny
• Dimon says market sentiment and M&A chatter improving, equity markets strengthening, but maintains economic caution
• Sees 50-60% odds of soft landing for US economy vs 70-80% market pricing
• Welcomes more regulatory scrutiny of private credit markets competing with banks
• JPMorgan has $10B capital for private credit, could grow depending on demand
• Not worried about Capital One/Discover deal, but concerned about unfair advantage of Capital One's debit network