JP Morgan Chase

$JPM Suffers the Slings and Arrows of Central Bank Speculation

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JPM and other bank stocks took a hit on Wednesday when Jay Powell of the Fed noted that rates may be near zero for a long time, and other fed bankers leaked some sympathy for a negative rate path (which would ruin bank margins).

Shares of JPM could be marking the boundaries of a near-term range in the $100 area.

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