Bank stock prices are “full”

The JP Morgan share price is currently trading at a level which portends to it experiencing something between multi-years of sideways travel or resembling a share price decline close to 23%.

The circles in the monthly price chart below show the moments when I have identified similar metrics.

I don’t find the risk/reward of initiating a long position at its current price of $215 attractive.

It could be a good time for an executive to ponder utilising the “Hank Paulsen loophole” should he be asked to become the Secretary of the Treasury.

July 31, 2024

by Rob Zdravevski

rob@kariasset.com.au