Republic Risk: Ladies and Gentlemen... Jamie Dimon

Bank earnings are mixed this morning as the latest inflation data signals that the Fed isn't done yet addressing rising prices in the economy.

Equity Index Strength Is YELLOW on the S&P 500 and the Russell 2000.

Each morning, we assess the full flows of the market by measuring statistical and technical metrics to determine broader market sentiment and the Equity Strength trend. When these readings turn red, we focus on cash, build trades around positive sectors, or take inverse positions against indices. When it is positive, we focus on short-squeeze stocks, companies with improving fundamentals, and trading/investing around the actions of corporate insiders.

We had a short window yesterday where our readings were negative, only for the market to bounce off the critical technical support level of 4,750 - and pop 30 points, and another 20 in postmarket hours. 

Can the market repeat the string of selling pressure that is building - or will we start to see something greater pull this market lower? Heading into bank earnings, selling pressure has increased - as the sector was overbought to start the year.

This morning, our shipping …