https://twitter.com/1CoastalJournal/status/1811757149430640912
https://twitter.com/17296Jay18416/status/1811729236350111902
📈 Earnings Alert $JPM – JPMorgan 2Q Provision for Credit Losses Misses Estimates:
∙ Provision for credit losses $3.05b, est $2.83b
∙ Adj revenue $50.99b
∙ Return on equity 23%, est 17.4%https://t.co/ZPPGNUWwcQ pic.twitter.com/vL1LqMwA2c— Smartkarma (@smartkarma) July 12, 2024
We are now to believe that an imploding economy will be good for banks and retail stocks.
The last false narrative to attend the final rotation.
I think short covering is close to ending with this PPI-induced robo rally.
A lot of pain out there in hedge fund land where consensus trades just got obliterated.
We are now to believe that an imploding economy will be good for banks and retail stocks.
The last false… pic.twitter.com/RkdeTERzO8
— Mac10 (@SuburbanDrone) July 12, 2024