Bloomberg Businessweek Stocks Wipe Out CPI-Fueled Gains as JPMorgan Sinks
8 snips
Jan 13, 2026 
Chris Whalen, Chairman of Whalen Global Advisors, shares insights on JPMorgan's disappointing earnings and the broader banking sector reactions amid fears over Fed independence. Savanthi Syth, Managing Director at Raymond James, discusses Delta's cautious outlook and how premium and main cabin fares are shifting in the airline industry. Whalen also dives into how current political critiques of the Fed are affecting market confidence, while Syth highlights the role of credit card revenue as crucial for major airlines' financial health.
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Political Attacks Can Backfire On Markets
- Chris Whalen says attacking the Fed publicly undermines confidence and ridicules the presidency.
- Markets shrug because proposals lack detail and seem unlikely to pass, he argues.
Preserve Policy Credibility
- Chris Whalen suggests markets tolerate short-term policy shifts but care about long-term credibility.
- Policymakers should avoid poorly thought-through populist proposals to retain market trust.
Legal Action Threatens Fed Independence
- Matthew Luzzetti calls the DOJ probe unprecedented for Fed independence.
- He warns legal action, not rhetoric, is the new and destabilizing element.
