By Zach Scheidt
This post Flash Alert: JP Morgan’s Friday Surprise appeared first on Daily Reckoning.
One of the biggest names in the U.S. financial sector is about to make an important announcement.
An announcement that will shock the markets, shift Wall Street’s perspective on mega-banks, and hand you thousands of dollars in the process (if you know how to play it).
Today, I’m blowing the whistle on this secret that will soon be revealed.
And I’ll show you the best way to profit from this new revelation.
But you’ll need to act quickly.
Because once the cat is out of the bag, it will be too late to lock in your first opportunity at big gains from this paradigm shift.
Let me explain…
A Shift in the Market Leads to Unexpected Profits
On February 5th, American confidence took a solid punch.
That’s the day the Dow dropped 1,175 points, wiping out nearly $1 trillion of investor’s wealth.
For most Americans, the day kicked off what has become an unsettling period. In the days since February 5th, the stock market has completely shifted its personality.
Now, instead of moving steadily higher each day, the market has started swinging wildly. Some days the Dow rallies by 400-500 points, and other days it gives up 700 points.
Fortunately for buy and hold investors, the upswings have largely matched the downswings, leaving the overall market in a broad and wild trading range.
But the crazy action has certainly caused some sleepless nights for everyday investors.
Do you know who isn’t cringing at the pickup in market volatility?
The men and women who man trading desks at the blue chip investment banks on Wall Street.
These trading desks are responsible for helping institutional investors get in and out of positions. So when mutual funds, endowments and pension funds decide to shift positions in reaction to the new market dynamics, they call the trading desks to make big block trades.
Think about all of the individual investors who panicked and took money out of their mutual funds.
Those funds had to sell shares to get cash to pay their investors.
And then when the market bounced and individual investors had FOMO (fear of missing out), they put money back into mutual funds. Of course, the funds had to call their buddies on the trading desk again to buy massive amounts of shares.
Since the market became more volatile on February 5th, big institutional investors have been forced to become much more active. And as billions — actually more like trillions — of dollars get allocated into different stocks, bonds and currencies, Wall Street’s trading desks are moving money and collecting huge fees.
And this week, investors are going to start hearing about these profits.
J.P. Morgan Kicks Off Earnings Season
On Friday morning before the market opens, J.P. Morgan Chase (JPM) will release its first quarter earnings announcement. The press release will be followed by an 8:30 A.M. conference call.
Investors are expecting the company to earn $2.28 per share, which is a 38% increase over the $1.65 per share earned last year.
The reasons for owning shares of JPM …read more
Source:: Daily Reckoning feed
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