If Jamie Dimon Says It, It Must Be True - Nick Santiago 4-7-21 #240
Apr 7, 2021 ·
9m 8s
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Description
1. We are looking at a very quiet market today. The major stock indexes are basically on the flat side. Later today, the Federal Reserve will release it's FOMC minutes...
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1. We are looking at a very quiet market today. The major stock indexes are basically on the flat side. Later today, the Federal Reserve will release it's FOMC minutes at 2:00 pm ET. These minutes are from the last FOMC meeting. I'm not sure this will be a market moving event, but traders and investors seem to like to hear what the central bank had to say. It should be noted that these minutes are not an exact word for word transcript, but more what the Fed wants to you to hear.
2. Beware of happy talk. J.P. Morgan CEO, Jamie Dimon, in shareholder letter says equity valuations are quite high but a mulit-year booming economy could justify it. He also said the boom could last into 2023. I have always learned to be careful when you hear this type of talk from a bigshot CEO at market highs. Other disruptions are coming. Let’s see what the central banks can do then.
3. Gold/Silver down a little also dull trading. Quiet trading day all around. Gold and silver down a little. It’s almost like a pre-holiday trading session.
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2. Beware of happy talk. J.P. Morgan CEO, Jamie Dimon, in shareholder letter says equity valuations are quite high but a mulit-year booming economy could justify it. He also said the boom could last into 2023. I have always learned to be careful when you hear this type of talk from a bigshot CEO at market highs. Other disruptions are coming. Let’s see what the central banks can do then.
3. Gold/Silver down a little also dull trading. Quiet trading day all around. Gold and silver down a little. It’s almost like a pre-holiday trading session.
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Author | Kerry Lutz |
Organization | Kerry Lutz |
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