Investors / stance tracking
What Jamie Dimon is saying
Chairman & CEO, JPMorgan Chase
12 dated public stances tracked since 2022-12-08, most recently 2026-07-27. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Jamie Dimon's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Jamie Dimon is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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12
tracked stances
9
themes
0
side flips
2026-07-27
last heard
Returns 90d -0.7% (n=7)
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| Long Dur Treasuries | 4 | 4 bearish | 2026-07-27 | |
| AI CAPEX CYCLE / AI INFRASTRUCTURE STOCKS | 1 | 1 bearish | 2026-07-20 | |
| DEFENSE | 1 | 1 bullish | 2026-05-29 | |
| Em Equities | 1 | 1 bearish | 2022-12-08 | |
| SPX | 1 | 1 bearish | 2026-07-20 | |
| STABLECOINS | 1 | 1 bearish | 2026-07-10 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-07-27
Long Dur Treasuries
bearish
Jamie Dimon · video
Even if inflation returns to 2%, the 10-year should yield 4–4.5% (roughly where it sits), leaving no upside, while historical precedent after the 1974 recession shows deficits and inflation can persistently climb well beyond consensus expectations
“I don't understand what the upside is even if you think inflation goes to 2%”
Jamie Dimon the Debt Crisis is Coming 20260721 Interview
2026-07-20
Long Dur Treasuries
bearish
Jamie Dimon · video
Even under a benign 2% inflation scenario the 10-year is fairly valued around 4–4.5% — where it sits now — leaving no upside, while record global deficits and a historical parallel to the post-1974 inflation spiral that drove rates from 3.5% to 11% create…
“I would not be a buyer. Even if inflation was 2%, the 10-year should probably be at four to four and a half”
Jamie Dimon: Why I Won't Buy Bonds, AI's Future & Leadership Lessons
2026-07-20
SPX
bearish
Jamie Dimon · video
Market is pricing in a good but not perfect outcome at elevated multiples that leave little margin for the multiple tail risks — geopolitical instability, global deficits at 100% debt-to-GDP, and AI capex failing to deliver ROI on the timeline investors…
“Will it pay off the way you expect, in the timetable you expect? Definitely not”
Jamie Dimon: Why I Won't Buy Bonds, AI's Future & Leadership Lessons
2026-07-20
AI CAPEX CYCLE / AI INFRASTRUCTURE STOCKS
bearish
Jamie Dimon · video
The long-run payoff from AI is real (analogous to the internet) but near-term ROI will disappoint consensus timelines, companies will grow more capital-disciplined on AI spend, and many current high-spend names will fail — just as Yahoo and Netscape did —…
“Will it pay off the way you expect on the timetable you expect? Definitely not”
Jamie Dimon: Why I Won't Buy Bonds, AI's Future & Leadership Lessons
2026-07-10
STABLECOINS
bearish
Jamie Dimon · video
Stablecoins under the Clarity Act would allow interest on deposits without FDIC protection or AML/BSA compliance, creating systemic monetary risk that will eventually blow up
“it would eventually blow up in its own. Okay? But that's my personal thing”
MONETARY BLOW-UP: Coinbase FIRES BACK at Jamie Dimon's crypto criticism
2026-05-29
DEFENSE
bullish
Jamie Dimon · video
Global remilitarization is a secular decade-long trend driving demand for drones, missiles, and defense equipment across allied nations, with JPMorgan's Security Resiliency Initiative committing over $1.5T to the sector and expecting to far exceed that target.
“drones, military, missiles, companies, spin-offs, investments”
90d -0.4%
FULL INTERVIEW: JPMorgan CEO Jamie Dimon on Shifting World Order, Ukraine, Iran and Trade | AC1N
2026-05-29
Long Dur Treasuries
bearish
Jamie Dimon · video
Cumulative inflationary pressures—remilitarization, AI capex, trade restructuring, immigration restrictions, and persistent deficit spending—could push inflation to 4% this year, making meaningful Fed rate cuts implausible and pressuring long-duration bonds.
“I think their inflationary forces out there are more than other people think”
90d +1.9%
FULL INTERVIEW: JPMorgan CEO Jamie Dimon on Shifting World Order, Ukraine, Iran and Trade | AC1N
2026-05-29
USD
bullish
Jamie Dimon · video
The dollar will remain the dominant reserve currency because no other country combines US military strength, rule of law, and unrestricted capital mobility—conditions China structurally cannot meet given its capital controls.
“if you can only put all of your money in one country, which one would it be?”
90d +1.3%
FULL INTERVIEW: JPMorgan CEO Jamie Dimon on Shifting World Order, Ukraine, Iran and Trade | AC1N
2023-11-30
Long Dur Treasuries
bearish
Jamie Dimon · video
Record government deficits (debt/GDP now ~100% vs 35% last inflation cycle), green transition spending, global remilitarization, and trade restructuring are all structurally inflationary, making the market consensus that the Fed is done raising rates likely…
“be prepared that the rates may go up both the short rate and the 10-year rate and be prepared that that might lead to recession”
90d -3.1% · 180d -0.3% · 1y -6.8%
JP Morgan Chief Jamie Dimon on the Dire State of the Global Economy | DealBook Summit 2023
2022-12-08
US FEDERAL FUNDS RATE / SHORT-DURATION RATES
bullish
Jamie Dimon · video
The Fed will need to raise rates to ~5% then pause, but subsequently resume hikes because inflation — driven partly by wages — will take longer to conquer than the Fed anticipated
“he thinks it will continue to be raised up until about five percent then pause...but then resume”
JPMorgan Chase CEO Jamie Dimon warns of "mild recession" in 2023
2022-12-08
US ECONOMY / MILD RECESSION
bearish
Jamie Dimon · video
Confluence of geopolitical risks (oil, food, potential conflict escalation) combined with Fed tightening make a mild recession likely in 2023 even though current economic data looks positive
“I think there's a good chance you'd have a mild recession”
JPMorgan Chase CEO Jamie Dimon warns of "mild recession" in 2023
2022-12-08
Em Equities
bearish
Jamie Dimon · video
Rising US interest rates and a stronger dollar will cause an Emerging Market debt crisis as poorer countries that took on debt collapse under the weight of rate fluctuations
“poorer countries who've taken on debt will suddenly collapse under the weight of it”
90d -0.6% · 180d -3.1% · 1y -1.6%
JPMorgan Chase CEO Jamie Dimon warns of "mild recession" in 2023
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