Jamie Dimon told investors the economy is in a bull market that resembles a 'little tsunami' — hard to stop once it builds momentum. Dimon noted he's surprised markets remain calm despite geopolitical risks (Iran conflict, Ukraine tensions, China relations, oil volatility), but the AI-driven rally and 80% S&P 500 gains over five years suggest structural momentum rather than fragility. This matters because JPMorgan's CEO carries outsized weight in how institutional investors assess systemic risk and market durability. The comment downplays recession concerns heading into 2027, though Dimon stopped short of endorsing the current valuation levels — he's explaining the phenomenon, not endorsing it.