MRKT Matrix Stocks Retreat From Record Highs
Jan 13, 2026
Markets took a hit as concerns over political risks grew, particularly around new Trump policies. JPMorgan's stock slid following troubling comments about credit card caps, which could affect consumer financing. Inflation remains in focus, with rising grocery prices complicating political messaging. Tech giants like Microsoft and Google are adapting their strategies to manage energy costs as they expand data centers. Meanwhile, the podcast also tackles the gap between robotics hype and reality, questioning the pace of AI adoption.
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Political Risk Is Driving Market Moves
- Stocks slipped as investors sold financials and digested multiple Trump policy proposals that raised political risk.
- Political developments, not just economic data, are increasingly driving market volatility into 2026.
Big Bank Sell-Off After Card Rate Cap Threat
- J.P. Morgan dropped 4% despite strong earnings after its CFO warned banks could fight Trump's proposed 10% card rate cap.
- That slide dragged down peers including Goldman Sachs, Visa, and MasterCard and rattled financial stocks.
Grocery Inflation Masks Disinflation
- Headline U.S. CPI held at 2.7% with core at 2.6% in December, but grocery inflation spiked.
- Rising food costs, like a 0.7% monthly grocery jump, keep pressure on household budgets despite overall disinflation.