JPMorgan Falls Thru Trap-Door Equivalent to Pre-COVID Highs

JPMorgan Falls Thru Trap-Door Equivalent to Pre-COVID Highs

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[tradingview_chart]

Not much of an explanation needed here… financials have been struggling, and JPM right along with them. What’s notable here is that price has fallen below the pre-COVID highs, which means that all recapture, plus growth obtained prior to COVID, has all be vanished for stockholders of the mega-bank.

Written & Annotated for the CMT Association.

Adam D. Koós, CFP®, CMT , CEPA
President / Sr. Financial Advisor / Portfolio Manager
Libertas Wealth Management Group, Inc.

[tradingview_chart]

Not much of an explanation needed here… financials have been struggling, and JPM right along with them. What’s notable here is that price has fallen below the pre-COVID highs, which means that all recapture, plus growth obtained prior to COVID, has all be vanished for stockholders of the mega-bank.

Written & Annotated for the CMT Association.

Adam D. Koós, CFP®, CMT , CEPA
President / Sr. Financial Advisor / Portfolio Manager
Libertas Wealth Management Group, Inc.

April 28, 2022
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