JPMorgan Steals First Republic!
Courtesy of The Reformed Broker
Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including:
[This recording starts at 5 pm EST.]
►Uber Earnings – “Based on data from Bloomberg, 262 companies in the $spx have reported, sales growth in 1Q is 4% and earnings growth is -2.69%”
►Cap Weighted Rules – “It’s rare for the cap weighted S&P 500 to outperform the equal-weight S&P by more in the first four months of the year than it is this year.”
►JPMorgan Steals First Republic – Seized and sold.
►Bank Lending Slows – “In the past 50 years of data, only after Lehman collapsed in 2008 and following the Sept. 11 attacks on the US did banks cut lending as sharply as they did in the four weeks through April 12”
►FOMC Look Ahead – FOMC decision Wednesday
►Economic Lags – “we should begin to see the unemployment rate increase within the next couple of months.”
►Make The Case
►Mystery Chart
and more!
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