Dimon Warns on Stocks, Shuns Long Treasuries as Short-End Flows Surge

JPMorgan CEO Jamie Dimon warned that equities may be riskier than investors realize and said he wouldn’t buy long-dated Treasuries, suggesting the 10-year should be around 4%–4.5%. Despite Dimon’s stance, investors have piled into short-term Treasuries, with the iShares 0-3 Month Treasury Bond ETF (SGOV) pulling roughly $47.5 billion this year and ranking among the top bond ETFs as markets favor safety at the short end while yields hover around 4.6%.