The Compound and Friends JPMorgan Earnings, Trump vs Powell, Goldman’s Revenge, Apple + Google Deal
94 snips
Jan 13, 2026 The hosts dive into the significance of earnings season, spotlighting JP Morgan's strong performance and its implications for consumer health. They discuss the potential repercussions of credit card rate caps on the economy and examine Goldman's struggles, including a proposed takeover of Apple's card portfolio. The duo explores the broadening leadership across sectors, tech's underperformance amidst a market rally, and Apple's partnership with Google for Siri's AI upgrade. Finally, they touch on economic resilience, political pressures on the Fed, and bullish trends in travel.
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Banks Signal Economic Resilience
- Major banks report rising loans, strong net interest income, and broad strength across large, mid and small caps.
- This cluster suggests the economy is resilient rather than broadly deteriorating.
Calibrate Risk For Both Outcomes
- Balance portfolio risk to capture upside if conditions persist and preserve capital if they deteriorate.
- Ask whether your current allocation would make you bail at an inopportune time.
Tech Weakness Can Fuel Broader Strength
- Tech leadership can falter while the broader market still rallies, fueling a ‘great broadening’.
- XLK weakness with wide stock participation often precedes broader cyclical strength.