JPMorgan CEO Jamie Dimon: The market is exuberant and it's not bad

Summary

Jamie Dimon says the market is exuberant but not necessarily bad, citing strong earnings and order books while noting risks from hype and tight credit spreads. The CNBC Investment Committee panel discusses the comments, agreeing that exuberance exists but is not yet at irrational levels, advising caution and selectivity.

• Jamie Dimon describes the market as exuberant but not necessarily bad.
• He notes earnings are up and companies have large order books.
• He warns about hype in some areas and tight credit spreads as risks.
• Dimon says JPMorgan is prepared for a range of interest rate outcomes.
• He declines to comment on SpaceX IPO valuation, as JPMorgan is a bookrunner.
• A panelist agrees that exuberance does not automatically mean irrationality.
• Another panelist says valuation is not yet at ridiculous nosebleed levels.
• The panel advises being disciplined and selective in the current environment.