JPMorgan Chase survey: Geopolitics expected to be the biggest driver of market volatility this year, AI also a hot topic of concern.

A survey by JPMorgan Chase shows that conflicts between major powers will cause further volatility in the financial markets in the next year, and the development of artificial intelligence is also one of the most concerned topics for traders. The annual electronic trading survey by JPMorgan Chase found that the percentage of respondents who believe that geopolitical tensions will have the biggest impact on financial markets this year has more than doubled from 2025, reaching 41%. For example, technological innovations like AI rank second at 19%, and interest rate policies rank third at 13%. Chi Nzelu, head of JPMorgan Chase's newly established quantitative trading and research team, said that a prominent point is that the market is highly focused on both emerging and ongoing geopolitical tensions, indicating that the market does not expect a quick resolution to the current situation. This is related to concerns about continuous market volatility. "Clients are most worried about the expected cost of clearing inventory positions."