Jamie Dimon’s At It Again

JPM, BAC, C, DAL, GS, SPY, QQQ [Image](   [ARCHIVES]( LIVE]( [Twitter]( [Youtube]( [Instagram]( [Tiktok]( [Discord]( [LinkedIn](   January 13, 2023 Dear Reader Good afternoon. Leave it to Jamie Dimon to toss a hand grenade in a punch bowl (wait, am I mixing up my metaphors?) It wasn’t long ago that Dimon called Bitcoin a “fraud” in the middle of a Bitcoin rally. And now here we are again. After a white-hot rally started the 2023 trading environment, Dimon is back as his megabank reported earnings this morning. Even though JPMorgan Chase (JPM) topped earnings and revenue expectations easily, shares pulled back more than 2.4% in the early hours. What went wrong? Exactly what I warned about yesterday. The company posted a $2.3 billion loan loss provision for credit losses during the quarter. That was WELL higher than expectations. Wall Street had expected just $1.96 billion in provisions - or money set aside for defaults. What does this mean? Exactly what the pundits (over the last two weeks )have been saying “WON’T HAPPEN.” [Click here to continue reading the Midday Momentum letter.]( Cheers! Garrett {NAME}   IMPROVING SECTORS: Consumer Cyclical, Tech, Basic Materials   WEAKENING SECTORS: Utilities, Real Estate, Consumer Defensive   WATCHLIST: JPM, BAC, C, DAL, GS, SPY, QQQ   [YouTube]( Did you miss the show? No worries, we’ve got you covered.   [Tom Gentile WANTS YOU to be His Next Elite Trading Protégée!]( Legendary trader Richard Dennis took a group of complete novices and turned them into millionaire traders. In fact, in just 5 years, these novice students earned $175 million between them. Tom Gentile wants to recreate history, and he wants you as his next elite trading protégée! Tom will throw back the curtain and show you the secrets that mint millionaires. [Go here now to collect your VIP PASS for this must-see event!]( REPORTS   [Welcome to Momentum]( [Trading Momentum]( [Trading Fundamentals]( [Trading the Fed]( [Trading Insiders]( WATCH REPLAYS   [No. 1 Firm to Target Today]( Forbes says this kind of investment will rule 2023. The founders of the company are preparing to close their doors to ALL new investors [ON JANUARY 15]( [Watch the Show!]( [Sneak A Peek Inside the World's Biggest Trade](   You are receiving this e-mail at {EMAIL}, as part of your subscription to Midday Momentum. To remove your email from this list: [unsubscribe here]( Please do not reply to this email as this address is not monitored. To cancel, or for any other questions or requests, please contact our Customer Service team: Online: [Customer Service Form]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Midday Momentum | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday ­ Friday between 9:00 AM and 5:00 PM ET. © 2023 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions](