JPMorgan's head recently made several remarks, with the core message being: the current economic outlook looks decent, the Federal Reserve's credibility remains intact, and although the U.S. labor market has slowed down, consumer and corporate spending are still quite robust. Coupled with fiscal support and policy easing, this momentum seems to be sustainable for a while.

But this guy also sounded a warning—problems are precisely hidden beneath this surface prosperity.

He pointed out three easily overlooked risks: First, geopolitical uncertainties are spreading, and the chain reactions could be more intense than expected; second, inflation, this old mouse, hasn't fully died out—though it appears to have eased, stubborn pressures could rebound at any time; third, asset prices have long detached from the actual economic fundamentals, leaving considerable room for correction.

In plain terms, the current market optimism is a bit overdone, and assets like #策略性加码BTC face revaluation risks. Risks are not linear but accumulate in the shadows. This isn't to say a recession is imminent, but to remind everyone—stay alert during market heat, regularly review your holdings and risk exposure, as that's key to navigating cycles.

Looking at it from another angle, with such volatile crypto markets this year, which direction might the next black swan event emerge from? Geopolitical conflicts escalation, policy shocks, or liquidity crises? Feel free to share your judgment in the comments.