CryptoCondom
Crypto Market Commentary
JPMorgan should ultimately go lower, but the near term looks less favorable for a bearish bet. Q1 metals-trading earnings are likely to be very profitable, and proposed rules easing large-bank capital requirements show regulators trying to protect big banks like JPMorgan. European financials are a safer place for the bearish view for now. x.comÂ
JPMorgan's miss on both revenue and earnings strengthens the case for avoiding bank and financial stocks. The earlier bank-index chart rollover had suggested possible profit disappointment, but the observed JPMorgan share weakness is not a near-term price forecast. x.com x.com x.comÂ
Banks' weak response to earnings despite low expectations warrants caution into the rest of Q3 reporting. JPMorgan, Wells Fargo, Citigroup and Goldman Sachs all fell after mixed results, while the bank ETF also declined. x.comÂ
JPMorgan looks remarkably cheap against nearly every other bank despite being the best of them. Its forward P/E looks to be around 13. x.comÂ
JPMorgan stock has tended to bottom and return to all-time highs whenever CEO Jamie Dimon says he wouldn't buy stocks, and per @PolymarketMoney he just said it again. x.comÂ
JPMorgan is the only bank worth adding to a portfolio, mainly because of its CEO, and it just delivered a great quarter. x.comÂ
JPMorgan is buyable on pullbacks to its daily 9-period moving average ahead of an earnings run-up in early July, with financials such as Goldman Sachs, Citigroup, Interactive Brokers and Bank of America doing great. x.comÂ
Fears that consumer AI agents like Muse will massively accelerate chargebacks, fee disputes and penalty reversals at banks like JPMorgan are overdone. Guardrails will limit what agents can approve autonomously, and higher-risk disputes will be escalated to humans. Agents will make consumers more powerful, not give them an unlimited license to claw money back. x.comÂ
US financials could lead the market into year-end if the Fed signals at the upcoming FOMC that rates will stay higher for longer, as expected. The financial sector is breaking out on the weekly chart, and banks such as JPMorgan, Goldman Sachs, Morgan Stanley and Bank of America are quietly reclaiming trend and pushing toward new highs. x.comÂ
JPMorgan Chase and Berkshire Hathaway are the preferred ways to diversify away from speculative tech, thanks to their fortress balance sheets and relentless execution. x.comÂ
