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The Banks Are Fine. But Expect ‘Considerable Turbulence’
Well, at least the banks are ok. For now.
JPMorgan beat estimates and lifted its full-year NII guid
The US is losing control of the 10 year, the dollar is dropping like a rock, US stocks are tanking, and who knows what over-levered derivative trade blows up next.
MADGA-MAKE AMERICA GREAT DEPRESSION AGAIN! (MAGDA is from SNL Skit, i can’t take credit but for sure worth a watch)
I transposed the G and D in MAGDA. I can’t edit the post but my bad.