As interest rates remain elevated and the major yield curves are rapidly steeping and look to possibly uninvert, this is a bullish sign for banks. Additionally, the market is sensing that soon the IPO window will be fully opening and there will be a large uptick in M&A activity. Each of these things will be a major upside catalyst for large banks like JPM. 

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As a key part of Chuck’s Optioneering Team, I work closely with Chuck throughout the week to review various setups and we select one we feel is ripe for a favorable move. Keep an eye on your Inbox for more insight to help you navigate the markets.

Thank you,

Blane Markham

Technician

Hughes Optioneering Team