America’s Top Banker Warns of Significant US Stock Market Correction

In a stark warning to investors, Jamie Dimon, CEO of JPMorgan Chase—the largest bank in the United States—has sounded the alarm on the risk of a major correction in the U.S. stock market potentially occurring within the next six months to two years.

Speaking in an extensive interview with the BBC during his visit to Bournemouth, Dimon expressed being “far more worried than others” about the likelihood of a significant market downturn. He cited a confluence of factors contributing to heightened uncertainty in financial markets, including rising fiscal spending, escalating geopolitical tensions, and the global remilitarization of major powers.

All these things cause a lot of issues that we don’t know how to answer,” Dimon noted, emphasizing that the level of uncertainty investors should consider is well above normal.

Dimon also highlighted the recent rally in stocks driven largely by enthusiasm around artificial intelligence (AI)-related companies. He acknowledged AI’s transformative potential but warned that “some of the capital currently flowing into AI would probably be lost,” likening the current enthusiasm to the dot-com bubble of the late 1990s.

Despite his concerns, Dimon remains optimistic about the Federal Reserve’s independence amid political pressures, even as inflation remains a cautionary factor.

The JPMorgan CEO’s warning comes at a time when the S&P 500 has shown strong gains in 2025, propelled by technology, financials, and energy sectors. However, he cautioned that elevated asset prices combined with unusually tight credit spreads indicate an overconfident market vulnerable to a correction.

Dimon’s candid forecast urges investors to be cautious as the market faces a complex mix of economic and geopolitical risks, signaling a possible shift in sentiment away from the current bullish outlook