Speaking at JPMorgan’s annual investor day, CEO Jamie Dimon delivered a blunt assessment of the global economic outlook, warning that markets are dangerously underestimating a range of mounting risks. From inflation and credit stress to geopolitical instability and trade policy fallout, Dimon cautioned that investor complacency could prove costly. “There are too many things out there,” he said, urging caution in what he described as an increasingly uncertain environment. Here are the 5 biggest warnings he issued.