JPMorgan Chase Stock (JPM)

* Apropos to my “Not Broadening” column earlier today… As the financials go, so goes the market is the “old saying.” $JPM -$8 $C -$2 $SCHW -$5 $GS -$10 $MS -$4 Well, financials are truly stinking up the joint! Positions: None

* But there is a lot to digest! JPMorgan ($JPM) guides Q3 investment banking and markets revenue to be mid-to-high teens (year over year). Markets should decline sequentially on normal seasonality after record third-quarter revenue: * The AI investment cycle is driving “a tremendous amount of capital spending,” adding a meaningful source of economic activity. * …

I covered my ($CRM) $258.54 (-$5.85) and ($JPM) $356.80 (-$5.25), trading short rentals just now. I plan to re-short strength. Positions: None.

Here are today’s things: * I shorted more $SPY at $770.05 and SPY calls. * I reshorted $CRM at $263.66 and $JPM at $360.35. * I shorted $SNOW at $377.51 and covered at $368.01. * I sold my $GLD long at $411.65. Position: Short SPY common (L), calls (S), CRM (S), JPM (S)

I have reshorted ($JPM) at $359.29 And I have taken a trading short rental in ($SNOW) at $377.50 (with a tight stop). Positions: Short SNOW S, JPM S