Big change of pace. What would a strong swimmer do here . Thats what im trying to think. See, you cant outswim the currents. Not even phelps could match some of these twists and turns. That doesnt mean we cant figure things out together. You and me. Spot the patterns. Come to the conclusions. Conclusions that make sense given the fact that there are so many rotations going on even midday. And multiple winning ones of with got xp we have to go back in history. Lets start with what happened one week ago today. Most traders and investors presumed because of the polling that Hillary Clinton would win the presidency. They made a host of big, big bets on hillary betting that she would win. Mostly wagers that a Clinton Administration would be an extension of the obama administration. Gridlock, not so hot growth. Which somehow we were convinced we liked. Faster than a stalled economy because the economy will stay stalled, right. Not so fast they draw government scrutiny like banks that are doi
What would a strong swimmer do here . Thats what im trying to think. See, you cant outswim the currents. Not even phelps could match some of these twists and turns. That doesnt mean we cant figure things out together. You and me. Spot the patterns. Come to the conclusions. Conclusions that make sense given the fact that there are so many rotations going on even midday. And multiple winning ones of with got to exploit together. Lets start with what happened one week ago today. Most traders and investors presumed because of the polling that Hillary Clinton would win the presidency. They made a host of big, big bets on hillary betting that she would win. Mostly wagers that a Clinton Administration would be an extension of the obama administration. Gridlock, not so hot growth. Which somehow we were convinced we liked. In that situation you want to own companies that can grow because the economy will stay stalled, right. Not so fast they draw government scrutiny like banks that are doing to
Excesses of capitalism so that it doesnt run a muck. It doesnt mean anything if all of the new income in wealth is going to the top 1 . The largest u. S. Ipo of the year, first data prepares to price its ipo in a listing that hopes to raise 3 billion. Yes this is the start. The Big Bank Earnings from wall street and a bad omen to kick it all off with disappointing results from jpm. The largest bank by assets. Revenues missing forecasts. Profits were lower in really three of the four key businesses for jpm. Total net income rising 22 but this was thanks to a one off tax benefit. The ceo saying the bank chased a challenging Global Environment and hes promising to cut another half a billion dollars off of jpms costs. Now other financials and also they will report numbers later on today. Yes that includes bank of america, wells fargo due out after the bell. Dpoeld man will release their 3rd quarter scorecards tomorrow. Not a great way to kick it off. Certainly not. Lets have a quick look a