Okay, Computer 10/12/22: Fintech Dimons in the Rough: A Conversation with Chuckie Reddy of QED Investors
RiskReversal Pod
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JPMorgan CEO Jamie Dimon: Is There a Recession?
Diamond: Why would a bank like JP Morgan be underperforming the S&P 500 to the downside? Diamond: It's actually led the entire year. He said that next 1% higher in Fed funds right now, we're just above 3%, CME Fed funds trackers projecting a 75 basis point hike when they meet in November 2nd. The stock price have been pricing in cut stopbacks, not increased op-ex.
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