Volatility Is Gone... According To Big Banks
Jamie Dimon, the CEO of JPMorgan Chase, said that trading revenue will drop to around $ 6B as the market volatility prompted by the pandemic fades away
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Investors Dump Banking Stocks
On Thursday, the four largest US banks by assets, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, saw $52.4bn wiped off their market value.
Thematic Investing Is Showing Cracks
According to a recent report from JPMorgan, the attractiveness of investing in thematic ETFs that target diverse topics like renewable energy, innovation in developing markets, robots and space exploration does not benefit the end investor in the long run.
Sovereign Pivot
The conventional framing of global economic power tends to focus on trade balances and manufacturing output. This perspective misses a more consequential asymmetry.
Structural Divergence in Global Creditor Nations
A significant shift occurred in global capital markets: Germany surpassed Japan as the world’s largest net creditor nation.