$JPMorgan Chase(JPM)$ I find the cautions JPM made on all their recent communications well grounded, and given how much the stock price had run in recent months, the big dip is well grounded. The $ is too strong, the US economy's foundation finances are weak to say the least, and the recent upswing in interest rates are likely to affect JPM both in the USA, and over the longer haul, outside as well.
Something to be borne in mind, many US multi-nationals are facing softer demand for their goods and services outside, not entirely related to the extreme $ strength. I fear this will affect JPM's CIB business in the coming months, and the final destination of this downtrend is not clear at all, at least to me.
It seems to be prudent to just wait till end 2024 to see how the mega winds have blown before turning to JPM as a SWAN stock.
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