Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. All Hedgeye products and services are subject to Hedgeye’s Terms of Service available at www.hedgeye.com/terms_of_service

Takeaway: We are removing JPMorgan (JPM) from Investing Ideas.

Hedgeye Financials Sector Head Josh Steiner is pulling JPM from Investing Ideas. For now.


We still like this name from an intermediate/longer term standpoint for the same reasons we cited when it was added to Investing Ideas. But in the short-term, the growing risks abroad augur poorly for a globally-interconnected bank like JPMorgan.

Moreover, the recent trend of softening economic data in the US is also unsupportive.

JPM is a name that we can revisit on the long side when the Emerging Market risk profile is in retreat, rather than rising, and when we have better visibility into whether the recent US data is hitting a speed bump or something larger.

The S&P 500 is down approximately -3% since JPM was added to Investing Ideas. JPM is essentially flat.