A raising of rates will create a credit crush and will effect JPM's earnings. If consumers can foot the bill, then JPM will be spared. For now, I have to wait and see how the detoxification of JPM's steroid binge on low rates will effect earnings coming out next week. Another round of low earnings could spell trouble for this giant.
And if it gaps down, then that will support the c-wave target at 44.37.
And if it gaps down, then that will support the c-wave target at 44.37.
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.