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…
Market participants breathlessly awaited the latest Fed Decision. A white-hot CPI report last Friday had markets abuzz. Would Powell & Company move ahead with the predicted 50 basis point rate hike or would it ramp up its effort to stamp down inflation with a sharper increase? The Fed floated a trial balloon on Monday when…
Market valuations are cheaper. That is a prime argument for bulls on why now is a great time to buy. The S&P traded at approximately 22x earnings through much of 2021. The decline in markets year-to-date has lowered that to around 17x as we drift towards Q2 earnings. Yardeni Research P/E Chart: The problem with…
