The banks are in focus this week as
they will report earnings with JPMorgan Chase coming out with their
report Tuesday morning before the open. JPMorgan has outperformed its
peers and their growth has been 18% per year last three years.
Last two years, JPMorgan Chase has beaten Earnings Per Share estimates 100% of the time. They have also beaten revenue estimates 100% of the time.
Analysts expect JPMorgan to earn $2,50
per share in the second quarter on revenue of $28,91 billion.
JPMorgan earned $2,22 in the second quarter last year.
JPMorgan is different from Well Fargo
which is also reporting earnings on Tuesday. JPMorgan Chase has moved
up over 10% over the past year while Wells Fargo has faced a lot of
obstacles, inkluding lack of their own CEO.
The banking industry is scary to me at
the moment, and the most dangerous bank in the world is in Europe.
Dutche Bank has been a desaster for a long time and the company are
on the edge. A collapse could send the whole world in a negative
We are also entering a rate-cutting
cycle which is not good for the banks either. The margins will shrink
and the earnings will decline while the rates are falling and the
spread between the rates on loans and the rates paid out on deposits
Morgan Stanley and Citi both downgraded the industry as a whole because of this development with rates, but JPMorgan is still a favorite.
The storm has arrived. Robert Mueller`s
highly anticipated congressional testimony will start on Wednesday.
Robert Mueller will testify on Capitol Hill on Russia investigation
findings. The Russia was a hoax but the MSM have told you the
opposite. So, let`s watch the hearings closely.
All this is coming only a week after
Jeffrey Epstein is in the spotlight for sex trafficking. Another ugly
case that will expose dirty secrets about the elite. Epstein have a
lot of big names on the table, so this is going to be a storm.
Sometimes you need a bullie to be a president and Trump is at the White House at the right time. Sex trafficking is a huge problem in the U.S. It is also a multi billion dollar business. Even worse is that the elite establishment is involved.
They try to link Trump to Epstein, but
Trump is not in the flight log to Epstein`s Little St. James «Lolita»
Island. Epstein assaulted the 14-year-old daughter of an employee,
and Trump kicked Epstein out of his Mara Lago golf club and banned
him for life. Trump also said a few days ago that he is not a fan of
Epstein is a co-founder of the Clinton
foundation and Trump said that Clinton can get some trouble in this
case. A few days ago, Clinton said in a statement that he knows
nothing about the pedophilia charges about Epstein.
The Mueller hearing is also coming only
a few days after the British ambassador Kim Dorrock has resigned
after his leaked e-mail about president Trump. Sir Kim Darroch is
reported to have said in private that the Trump administration is
«dysfunctional,» and that Trump is «insecure,»
A group of people in the Deep State
tried to stop Trump from being the next president in the U.S. Mr
Steele is one of them and he hated Trump and was paid for his lies.
He is a former MI6 agent.
MI 6 is the Secret intelligence Service
(SIS), commonly known as MI6 which is the foreign intelligence
service of the government of the United Kingdom. The name MI6 means
Military intelligence , Section 6.
Robert Mueller is born in New York. He
is an American lawyer and government official who served as the sixt
Director of the Federal Bureau of Investigation (FBI) from 2001 to
2013. In 2001 after the 9/11 attack, he told the world that Iraq had
weapons of mass destruction. That was a big lie.
Rep. Peter King said that severe,
serious abuses by FBI and CIA in Russia probe is going to come out.
That`s all this is about: Abuse of power.
William Barr slams Mueller hearing as «public spectacle» for the Dems and former congressman Trey Gowdy said the upcoming Mueller testimony and DOJ investigation into FISA abuse will be a freak show. The show starts on Wednesday.
What president Donald Trump have done
to the U.S economy is a miracle, and people are chanting USA.
President Trump`s approval rating has hit the highest point in his
presidency, according to a new poll by the Washington Post and ABC
47% of registered voters approve of Trump`s work inside the White House. In comparison, Barrack Obama`s approval rating during the same time in his first term was 46%. Nasdaq is up nearly 50% since Trump`s inauguration. The Dow is up about 36% while S&P is up about 32%. This is amazing.
Former Reagan advisor Art Laffer said the approval rating shouldn`t be 44% but 94%. The reason for that is the booming economy. Trump is a business man and know how it is to be an entrepreneur. So, he made a lot reforms and cutted the taxes and now we see the U.S economy booming like never before.
Trump said if the U.S had lower interest rates, they would be like a rocket ship. The Dow could be 10,000 points higher if it wasn`t for the Fed, Trump said.
The Hate Trump Media Mob are still
negative about Trump, but they are all wrong all the time. They slam
Trump`s July 4 Salute to America long before it started. They said it
was unamerican and dangerous.
Trump has not started a war yet and he have been more respectful of his power as Commander in Chief then any other president in our lifetimes. The establishment are freaking out about that. It drives them crazy. But Trump want to celebrate the country and the services that protects them.
The Salute to America was all about
freedom. Donald Trump is the first U.S president in nearly 70 years
to address the country on Independence Day. He was patriotic and
non-partisan, which is the opposite of what the Media Mob said in
«243 years ago, our Founding Fathers pledged their lives, their fortunes, and their sacred honor to declare independence and defend our God-given rights. Thomas Jefferson wrote the words that forever changed the course of humanity. «We hold these truths to be self-evident: that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness,» Trump said in his speech.
Later on he said; «Americans love our freedom and no one will ever take it away from us. (Audience Chants «USA»). Was it a message to those who are trying to take over America?
«Devotion to our founding ideals led
American patriots to abolish the evil of slavery, secure civil
rights, and expand the blessings of liberty to all Americans. This is
the noble purpose that inspired Abraham Lincoln to rededucate our
nation to a new birth of freedomm, and to resolve that we will always
have a government of, by, and for the people.»
«In 1963, Reverend Martin Luther King
Jr., stood here on these very steps and called on out nation to live
out the «true meaning of its creed,» and «let freedom ring» for
every citizen all across our land.»
«America`s fearless resolve has
inspired hearoes who defined out national character. From George
Washington, John Adams, and Betsy Ross, to Douglass – you know,
Frederick Douglass – the great Frederick Douglas, Harriet Tubman,
Amelia Earhart, Douglas MacArthur, Dwight Eisenhower, Jackie
Robinson, and, of course, John Glenn.»
«Today, just as it did 243 years ago,
the future of American freedom rests on the shoulders of men and
women willing to defend it. We are proudly joined tonight by heroes
from each branch of the U.S. Armed Forces, including three recipients
of the Congressional Medal of Honor. Thank you.»
«To young Americans across our
country, now is your chance to join our military and make a truly
great statement in life. And you should do it. We will now begin our
celebration of the United States Armed Forces, honoring each branch`s
unique culture, rich history, service song, and distinct legacy,»
Trump said in his speech.
This is some of his words from Trump`s
speech on July 4th. The Media Mob said a few days before
the speech that Trump was hijacking Independence Day and turning it
into a campaign rally, but Trump didn`t talk about the 2020 campaign
in his speech.
The Media Mob also said it was
expensive but that was also fake news. So was their critics on his
tanks they claimed was authoritarian. The Media mob was wrong again,
and it was all fake news.
Trump didn`t talk about political
opponents either. Nor about the fake news media. And this wasn`t
Trump co-opting the nation`s birthday to celebrate himself. The fact
is this: Trump (who loves to talk about himself) did never mention
«The future belongs to the brave, the strong, the proud and the free,» Trump said, and this is how a good cheerleader speaks. Those who say that this is polarizing is anti-american.
Trump gave Americans a history lesson on the great people, heroes and their great accomplishments over the last 243 years. Wow, what a dagerous man? A man that earn one dollar to Make America Great Again.
President Trump is planning to
celebrate 4th of July with tanks and fireworks. The Hate
Trump Media Mob call him a Nazi and a Tyrant. They also claim that he
like other tyrants like Puting and Kim Jong Un. They say this kind of
celebration is unamerican and dangerous.
For other people, this is a rally to
freedom and for those who don`t know what freedom is; look at
Beijing. Trump`s «Salute to America» will take place Thursday and
aims to honor the U.S military. Trump is also planning to give a
speech at the Lincoln Memorial. There is no doubt; Trump is the
Commander in Chief.
Protesters plan to burn flags and fly a «Trump Baby» balloon.