JPMorgan's Treasury client survey showed that the share of bulls rose by 1 percentage point in the week to January 13 to its highest level since December 4, 2023. Neutral increased by 1 percentage point. Net longs reached their highest level since November 4 last year.
JPMorgan's Treasury client survey showed that bears rose 6 percentage points in the week to January 6, bulls rose 8 percentage points and neutral fell 14 percentage points. The survey of all clients showed that bulls rose to their highest level since December 4, 2023, while neutral fell to its lowest level since December 4, 2023.
JPMorgan's trading team said that while the risks to a strong stock market rally are growing, there is "very little chance" of a bear market downturn in the context of strong economic growth. US stocks could see a 4% -5% or even 10% correction after two consecutive years of rising more than 20% in the S & P 500, but the bull market remains intact against the backdrop of above-trend GDP, the team led by Andrew Tyler, head of global market intelligence, said in a note to clients on Monday.
JPMorgan Global Market Strategists said in a report that 2024 is a pivotal year for digital assets, helped by Trump's victory, with a record $78 billion expected to enter the crypto market. This capital inflow consists of several key components: $27 billion net inflow of crypto funds, $14 billion invested in CME futures, $14 billion raised by crypto venture capital funds, $22 billion bitcoin purchased by MicroStrategy, and $1 billion bitcoin purchased by bitcoin miners. In other words, only Micr...
JPMorgan Chase (JPM) said in a research note on Monday that November was a landmark month for the cryptocurrency market in terms of performance, activity, politics, and sentiment. "President-elect Trump's re-election has triggered a historic rally and jump in market capitalization across the crypto ecosystem," wrote analysts led by Kenneth Worthington. These include tokens, decentralized finance (DeFi), stablecoins and cryptocurrencies.
JPMorgan Chase said in a research note that the expansion of leveraged MicroStrategy (MSTR) ETFs and the flow of funds they attract have had a more pronounced impact on the company's stock and crypto markets than before. The bank said these ETFs played a major role in the stock's nearly 60% gain in November. Total inflows into U.S. spot Bitcoin (BTC), spot Ether (ETH) and leveraged MicroStrategy ETFs hit a record high of nearly $11 billion in November, with leveraged MSTR ETFs accounting for $3....
JPMorgan Chase (JPM) said in a research note on Monday that the bitcoin (BTC) mining economy improved in the first half of November as the hash price rose. "Since the end of October, the hash price has risen by 29% as BTC's rally outpaced the growth of the network's hash rate and transaction fees as a percentage of block rewards have increased." The report says that the network hash rate has risen by 2% so far this month, averaging 718 exhashes per second (EH/s). Ha...
With liquidity conditions returning to normal after the end of October, strategists such as JPMorgan's Teresa Ho expect the Fed to end quantitative tightening (QT) in the first quarter of 2025, a process previously expected to be completed by the end of 2024. Increasing supply of US treasury securities and repo, and money market funds looking to expand into longer maturities amid waning expectations of easing, have pulled more money from the Fed's overnight reverse repo facility.
7:00-12:00 Keywords: BlackRock, JPMorgan Chase, OpenAI, Ethereum Foundation 1. MakerDAO voted to change its name to Sky. More than 280 pro-crypto candidates won seats in the U.S. Congress. 3. BlackRock is in talks to acquire a minority stake in hedge fund manager Millennium. 4. JP Morgan Chase: Bitcoin will continue to benefit from Trump's election victory in the next eight weeks or so. 5. Yesterday, the BlackRock Bitcoin ETF flowed into $1.11692 billion, the highest inflow since its launch; 6. ...
JPMorgan Chase said in a report released Thursday that it believes bitcoin will continue to benefit from a Republican victory in the US Presidential Election. The report said a Trump victory would have repercussions similar to those of 2016 in the next eight weeks or so. While bitcoin has surged and gold prices have fallen as a result of Trump's victory, Trump's policies could support both in 2025. As traders try to hedge against currency depreciation and geopolitical resistance, Huang...
According to sources, JPMorgan Chase CEO Dimon has no plans to serve in the Trump administration and will remain at the bank.