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Trump’s 10% Interest Cap, JPM’s $2.2B Hit & The 6,145 Pivot
Season 2
Episode 75
Published 5 months, 3 weeks ago
Description
Here is the trade setup for the Wednesday open. Markets are bracing for macro volatility as the payments ecosystem reels from proposed interest rate caps and a looming SCOTUS ruling on tariff authority.
🚀 Stocks to Watch:
🏦 JPMorgan (JPM): Shares sliding after a $2.2B hit from its Apple Card exit.
💻 Intel (INTC): Up 3% pre-market following a KeyBanc AI upgrade.
💳 Visa (V): Down nearly 5% as the proposed 10% interest rate cap threatens margins.
🍎 Apple (AAPL): Testing the $245 pivot amid escalating tariff fears.
📈 The Levels:
🔔 S&P 500 (/ES): Pivot 6,145 | Support 6,110 | Resistance 6,180
🔔 Nasdaq (/NQ): Pivot 21,250 | Support 21,100 | Resistance 21,420
🔔 10Y Yield: Watching the 4.25% line for a potential "Long Duration Trap."