JPMorgan $JPM CEO Jamie Dimon said today he doesn’t get the appeal of hashtag#stablecoins, but he also can’t afford to stay on the sidelines - CNBC
Source: Evan
Over the past 24 hours, Bitcoin investors realized $3.5B in profits.
🔹 Long-term holders took $1.96B (~56%) 🔹 Short-term holders took $1.54B (~44%) One of the largest $BTC profit realization days this year - driven mostly by long-term holders. Source: Glassnode
⚠️ JPMorgan Chase on Tuesday topped analysts’ estimates on better-than-expected revenue from fixed income trading and investment banking.
▶️ The bank said that second-quarter earnings fell 17% to $14.9 billion, or $5.24 a share, from the year-earlier period, when it had a $7.9 billion gain on Visa shares. But even when backing out a $774 million income tax benefit that boosted per share earnings by 28 cents, JPMorgan topped estimates for the quarter. 🔴 $JPM JPMorganChase Q2 FY25. • Net revenue -11% Y/Y to $44.9B ($1.7B beat). • Net Income -17% Y/Y to $15.0B. • EPS: $4.96 ($0.48 beat). • FY25 NII ~$95.5B ($1.0B raise). Source: App Economy Insights, CNBC
The Q2 2025 earnings season begins this week, with analysts forecasting modest S&P 500 EPS growth of 4.8%, the lowest rate since Q4 2023.
Early reports have already painted a mixed picture, showing strong AI and travel demand ( $MU, $DAL ) but softness in consumer goods and shipping ( $NKE, $FDX). The spotlight is now on the big banks, with $JPM, $C, $WFC, and others reporting Tuesday and Wednesday. In their reports, we'll be watching for commentary on three key themes: credit quality, a potential recovery in investment banking, and the expected plateau in net interest income. Source: Wall Street Horizon
This is probably what Trump doesn't like with the latest US inflation reports and subsequent inaction by the fed.
The EU inflation rate excludes shelter, do the same with US CPI, and they match. Yet Fed Funds is 250bps higher than the ECB rate. What Trump does not take into account is that the inflationary effects of tariffs might soon hit. Source: Mike Zaccardi, CFA, CMT, MBA, Fundstrat
US CPI report is out - and it is a rather MIXED one
1) Core CPI comes in cooler than expected (2.9% vs. 3.0% expected). Note however that this is the highest level since February. On a sequential basis, U.S. core CPI rose 0.2% M/M, below estimates for a 0.3% increase. 2) Headline CPI inflation increased 2.7% Y/Y, ABOVE forecasts for a 2.6% reading. This is also the highest level since February. On a sequential basis, US CPI rose 0.3% on the month, in line with estimates. 3) Looking at the various CPI components, it seems that tariffs are beginning to drive up prices for core goods like clothing, furniture, appliances, shoes & toys. However, falling car prices are helping to mask full impact. ▶️ All in all, today’s inflation report effectively eliminates any chance of a Fed rate cut at the July 30 FOMC meeting. And if subsequent inflation readings reiterate the rise in inflation, it could jeopardize future rate cuts as well. ✅ The CME Group’s FedWatch tool showed only a 2.6% probability of a fed rate cut at the meeting. 👉 Yes, indeed. The us inflation outlook remains highly uncertain. And so is the US tariff policy. On our side, we believe that the Fed might cut rates only once in 2025. Source: Bloomberg
UK ministers are to bring back consumer subsidies for some electric vehicles through a new scheme worth £650mn, as they try to boost sales of battery models that still lag government targets.
Households will receive a discount of up to £3,750 per vehicle when they buy a new electric car that is priced below £37,000, under a programme to be announced on Tuesday that will include £63mn of funding for charger installations. The former Conservative government scrapped direct purchase incentives for battery-driven models in 2022, arguing that the market had sufficiently matured. But the industry has repeatedly called for more financial assistance to encourage EV purchases. Source: FT
TRADE DESK IS JOINING THE S&P 500
Trade Desk $TTD will replace ANSYS in the S&P 500 before the markets open on July 18th.
