JPMorgan Results Marred By Misses. Buybacks To Resume
JPMorgan ended 2022 “in a position of strength,” Jamie Dimon said Friday. More importantly, the
JPMorgan ended 2022 “in a position of strength,” Jamie Dimon said Friday. More importantly, the
One consequence of the improved mood across risk assets was a resurgence in equity offerings.
One of the many “mysteries” of recent US equity strength is the solid performance of
If you were wondering what corporate management teams discussed on calls during reporting season… Wait,
And we don’t need any more headwinds, that’s for sure.
“Still double the long-term average”.
You can thank record levels of uncertainty.
Remember, when it comes to sources of equity demand, it’s not even close…
“Plunge protection” – no conspiracy theories needed.
Penning breathless missives about the impact of buybacks on equities long ago lost its novelty.
“Is this really what everybody wants?”
“Popular misperceptions” and such.
If you’re looking for a relatively positive narrative…
“The rise in CFO created a high-quality problem for managements: How should they spend all the cash?”
“Tall order”.
“…it’s not like you have to dig deep to find a problem.”
And Ho Hos. Don’t forget the Ho Hos.
Show of hands: who’s surprised?
“Really though, we needn’t think too hard about this.”
If you’re waiting for a post-election selloff to add risk, maybe don’t. Don’t wait, I
Money. Companies exist to make it. Or at least that’s the way it is in
Who’s going to buy the stocks? Or, put differently, who’s going to buy stakes in
Looking for a simple bull case? Of course you are. Who’s going to turn down
I’m always on the look out for disparities and contradictions in the macro narrative. Not
The price of money’s irrelevant if there’s no demand for it. By appearances, officials in
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