September 7, 2023 | Premium Service | Over the past 6 weeks, US financials have given back much of the ground covered earlier in the year. JPMorgan (JPM) peaked at $157 around the end of July and has headed downhill along with the rest of the group. Meanwhile in the world of fintech, two of the high-beta names in our surveillance group are floating ever higher on the hype regarding AI and show no concern regarding the economy or credit or mediocre financial results. When you are in a big crowd, nothing else matters.
Markets Affirm the Unbearable Lightness of Fintech
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