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JPMorgan Stars Take Other Side of Dimon’s ‘Hurricane’ Trade
As chairman and chief executive officer of JPMorgan Chase & Co., Jamie Dimon is perhaps the most powerful person in the banking industry anywhere in the world. So when he says — like he did on June 1 — that investors should brace for an economic “hurricane,” it’s worth taking the warning both literally and seriously. Such advice, however,…
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Stocks Rise Second Day, Recoup Last Week’s Losses: Markets Wrap
US stocks rose for a second day, climbing to session highs in the last hour of trading amid a broad-based rally. Treasuries pared gains and the dollar slipped. Back-to-back gains in the S&P 500 clawed back all of last week’s losses. The tech-heavy Nasdaq 100 advanced with megacaps Apple Inc. and Microsoft Corp. offsetting declines…