Jamie Dimon predicts 4% GDP growth, retracts Bitcoin fraud charge

J.P. Morgan boss Jamie Dimon also regrets calling ‘bitcoin’ a fraud By Mike “Mish” Shedlock JPMorgan CEO Jamie Dimon is in the news twice Monday morning, once regarding GDP and once for a Bitcoin retraction. Jamie Dimon claims JP Morgan’s chief economist is wrong about the economy: Dimon Predicts 4% Growth. Dimon said he expects the… Please follow and like us:

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Bitcoin Exchanges Struggle To Work With Wary Banks

Cryptocurrency exchanges around the world are under an unprecedented amount of pressure. Meanwhile, Quartz reported Indian banks are delaying routine processes for local exchange platforms such as Koinex for several weeks. “A tussle between our payment service partner and their bank has caused an indefinite delay in the settlement of a large portion of deposits to… Please follow and like us:

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10 Data Points Investors Should Be Watching Now: JPMorgan’s Kelly

There are multiple economic and financial numbers investors can monitor in 2018 to get a sense of the market environment. David Kelly, chief global strategist for JPMorgan Funds, offers his own list of the top 10 data points he recommends investors watch this year. In his inaugural weekly note for 2018, Kelly says the list is… Please follow and like us:

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Move Over Bitcoin: Zcash, Monero And Other Altcoins To Watch In 2018

Bitcoin prices surged this year from around $1,000 on Jan. 1, according to CoinMarketCap, to around $15,800 by the last Wednesday of 2017. Ethereum, arguably the world’s second most popular blockchain network, skyrocketed from around $8 at the start of 2017 to more than $755. Many cryptocurrency newbies are now pondering which cryptocurrencies they should watch… Please follow and like us:

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JPMorgan Says Quant Underperformance “Has Not Been Abnormal”

In a research piece titled “Quant funds underperform,” JPMorgan analyst Nikolaos Panigirtzoglou and his Global Markets Strategy team think they understand the causation. With hedge fund allocation inflows towards quant funds pulling in near 30% of all hedge funds, this occurs at a time when the human-based manager just might be winning against the machines. Get… Please follow and like us:

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After Bitcoin Futures Launched, Goldman Says Price Headed Higher, New Hedge Fund Launches

It wasn’t that long ago that Goldman Sachs was watching the $4,827 level on Bitcoin USD, predicting a bull market. This was before exchange heavyweight CMEGroup and Terry Duffy piled into what was declared an asset that could be “tamed.” In announcing the launch of Bitcoin futures, a move juxtaposed to that of JPMorgan’s Jamie Dimon,… Please follow and like us:

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Bank Earnings In Focus: An Empirical Look At S&P 500 Banks

Large banks, including JPMorgan, Wells Fargo, Citigroup, and Bank of America, have reported first quarter results, and earnings and loan growth continues to be strong. However, share prices have pulled back, and investors may wonder which, if any, bank stocks still present value. S&P Global Market Intelligence’s recent paper, Banking on Alpha: Uncovering Investment Signals Using… Please follow and like us:

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Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for March 2017

CHICAGO, April 19, 2017 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for March 2017. In March, investors put $31.1 billion into U.S. equity passive funds, up from $29.1 billion in February 2017. On the active side, investors pulled… Please follow and like us:

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