Last month, Jamie Dimon put the markets on notice as he said his bank was preparing for a “hurricane”. Today, the bank announced steps to protect itself from a pending storm system. J.P. Morgan (JPM) placed $400 million into its reserves to protect against potential delinquencies. It also halted its share buyback program, preferring to…
The market prepares for Q2 earnings season. There is plenty of uncertainty facing investors as companies’ hand in report cards. Investors would like to see some clarity on the economic situation. Expectations are low which makes it easier for companies to surpass analyst consensus numbers. Q3 and second half outlooks will garner plenty of attention….
Over the past couple of weeks, market action has been driven by macro forces. This is normal seasonality as investors await the Q1 earnings report cards. We are finally getting those corporate earnings. This allows us to see how the macro issues are impacting individual companies. Investors will be able to parse through winners and…
