In his latest investment letter, Jamie Dimon made it quite clear that he sees the US economy as overheating in the coming years and expects far higher rates (to be sure, he has been expecting higher rates for years now but we'll let that slide), and
Update (1500ET): COIN is crashing...
Crypto markets reached a total market cap of almost $2.2 trillion overnight as bitcoin and ethereum spiked to new record highs (just shy of Apple's $2.203 trillion market cap).
Chinese stocks stumbled on Tuesday after regulators warned 34 technology giants, including Tencent, Alibaba, Baidu, JD.com, Didi, and Meituan, to "rectify" anti-competitive measures, according to Global Times, citing a statement from the State Admini
Ahead of Wednesday's scheduled direct listing of on Nasdaq, interest in cryptocurrency exchange Coinbase has soared (along with prices for the underlying cryptocurrencies).
Stocks slipped a bit around 1115ET when Fed's Kaplan warned "I do worry about excesses and imbalances," adding that "failing to communicate Fed exit could stoke risk-taking." Kaplan went to say that The Fed "should withdraw some accommodation once th
As his bank tries to offload big blocks of Manhattan real estate, JPMorgan CEO Jamie Dimon proclaimed in his latest annual letter to shareholders, published Wednesday morning, that the economic expansion in the US could run through 2023, which would
"While at this time it is premature to quantify the exact size of the loss resulting from this exit, it could be highly significant and material to our first quarter results,"
At the start of February, when the dual short squeezes of option gamma and WallStreetBets meme stocks were all the rage, a chart from Goldman indexing non-profitable tech companies was making the rounds across Wall Street desk; it showed the sector's
While traders are preoccupied by the accelerating meltdown in equities and especially tech stocks which just can't catch a bid, the real action this morning was in the US Treasury market...