Jamie Dimon Expresses Concern Over US National Debt Exceeding $39 Trillion, Avoids S&P 500 and Long-Dated US Treasuries

JPMorgan CEO Jamie Dimon has voiced concerns about the escalating US national debt, which has surpassed $39 trillion. He stated his reluctance to invest in the S&P 500 or long-dated US Treasuries, indicating a cautious outlook on the market given the current fiscal trajectory. The commentary highlights that the interest on the debt is running around $24 billion weekly, on pace to exceed $1 trillion for the full year, surpassing Medicare spending.