Many investors and analysts expect interest rates to inevitably come down. When interest rates fall, companies may be incentivized to spend more because borrowing costs are lower. Although the stock market is doing well, it's debatable whether the overall health of the economy is good, as many people are struggling due to inflation. Why AI spending could keep rates higher for longerDimon believes that spending on AI is so strong that it could prevent inflation from coming down. By allocating more money to defensive stocks and value-oriented investments, investors can reduce risk while remaining invested in the market.