Because of SVB, Fed printed half a trillion and everything mooned.
If you think something similar could happen own some JPM. They're a fortress with pristine balance sheet and will likely get some kind of favorable deal.
#Ban Bet Lost
/u/AMX_revue made a bet that JPM would go to 295.0 within **3 days** when it was 301.875 and it did not, so they were banned for a week.
Their record is now 2 wins and 1 losses
[**Join WSB Discord**](https://discord.gg/wsbverse)
Financials is waaay overvalued man, look at jpm one of the highest price to book value in history. Healthcare is ok, but how sustainable are those ridiculous high margins compared to the rest of the world in that sector?. It's definitely a defensive and smart move if you are long only though.
Two scenarios:
A. Government bonds are directly bought by the central bank with money created from thin air.
B. Government bonds are bought by a private bank and then bought by the central bank with money created from thin air.
Now scenario A is widely considered to be the sign of unsound money and most people recognize that as bad.
However you throw, say JPM, as the middle.man and you have the US monetary and fiscal policy that is totally independent of each other.
🤔
You're fine - just hold on and it'll bounce. People in this sub panic over every 1% move one way or another but the reality is \*typically\* what eats shit today gets gains tomorrow. It's why I mainly dip buy and this week has been great for that. Made huge money with JPM and ORCL, I expect AVGO to pay off as well.