JPMorgan Chase

China Unveils Economic Blueprint For 2016

China’s top leadership, which is preparing to launch the 13th Five-Year Plan (2016-20), on Monday announced an overarching strategy to lead the economy’s ongoing transition.

Financial Select Sector SPDR and the Bernanke Floor

As we approach the 4th and final quarter of 2012 coupled with the Bernanke floor thanks to the unlimited buying of mortgage backed securities banks like JP Morgan (JPM, quote), Wells Fargo (WFC, quote) and Bank of America (BAC, quote) should do well especially with large funds chasing for performance going into year end.

U.S. Stock Market

U.S. stock indexes were slammed yesterday with the largest one day lost for the month of June.