JPMorgan Warns of 1970s-Style 'Stagflation' Risks That Could Upend Markets

• JPMorgan warned the US economy risks 1970s-style stagflation - high inflation and low growth

• Stagflation could prompt investors to favor bonds over stocks due to higher returns

• JPMorgan sees parallels between 1970s geopolitical tensions and current conflicts impacting inflation

• Uncertain geopolitical environment and high rates may reduce liquidity, disadvantaging public markets

• JPMorgan CEO Jamie Dimon has said 2024 could resemble 1970s inflationary conditions