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.