Leading Indicator JPMorgan: What It Tells Us
If you were to match up the charts of JPMorgan Chase & Co. (NYSE:JPM) with the S&P 500, you would see the leading financial firm is lagging. Considering this stock is known to take the markets up and down, it must be noted. To best illustrate this, look at the new all time highs on the S&P 500, hit on Thursday and Friday this past week. As the S&P 500 was pushing to new all time highs, JPMorgan was stalled, unable to make new highs.
Keep this in mind as the markets began to show weakness over the last few days. This could be a larger signal than anyone would guess.