{"id":294183,"date":"2017-02-10T14:10:12","date_gmt":"2017-02-10T13:10:12","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/jpmorgan-just-cant-stay-awake-in-this-market-nothing-is-changing-the-equity-narrative\/"},"modified":"2017-02-10T14:10:12","modified_gmt":"2017-02-10T13:10:12","slug":"jpmorgan-just-cant-stay-awake-in-this-market-nothing-is-changing-the-equity-narrative","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/jpmorgan-just-cant-stay-awake-in-this-market-nothing-is-changing-the-equity-narrative\/","title":{"rendered":"JPMorgan Just Can\u2019t Stay Awake In This Market: \u201cNothing Is Changing The Equity Narrative\u201d"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><a href=\"http:\/\/www.zerohedge.com\/news\/2017-02-09\/jpmorgan-just-cant-stay-awake-market-nothing-changing-equity-narrative\"><strong>Bloomberg<\/strong><\/a><br \/>February 9, 2017<\/p>\n<p><strong>With nearly a record 40 days of the S&amp;P not having an intraday swing of 1% or more, traders \u2013 desperate for volatility \u2013 are fuming at a market that has apparently flatlined. <\/strong><\/p>\n<p>They are not alone: as JPM\u2019s Adam Crisafulli writes in his overnight piece, \u201cit was once again a night of nothing\u201d, and no matter what happens, \u201cnothing is changing the equity narrative\u201d, which for now is to barely budge on any given day.<\/p>\n<p>Here is the key excerpt from JPM\u2019s (appropriately boring) overnight note:<\/p>\n<blockquote>\n<p><strong>Market update\u00a0<\/strong>\u2013 from the perspective of the SPX it was once again a night of nothing. None of the eco data, earnings, central bank headlines, or political reports are changing the US equity narrative. The S&amp;P futures are thus (once again) flat. The lack of major events\/news is making for a very slow and quiet tape and that will prob. continue for the foreseeable future (Yellen\u2019s testimony 2\/14-15 is the next major macro catalyst).<\/p>\n<p>Washington skepticism is rising although for now the doubts are more around timing (i.e. the Trump\/Ryan pro-growth agenda is still anticipated but maybe not until 2018) and not magnitude\/efficacy (which is the real risk \u2013 it will take serious doubts around magnitude\/efficacy to materially dent stocks).<\/p>\n<\/blockquote>\n<p>Time to hit the snooze button again.<\/p>\n<p>      <!-- END CONTENT --><\/p>\n<p style=\"color:#333; font-size:11px;\">This article was posted: Thursday, February 9, 2017  at  9:30 am<\/p>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/><!-- share and follow --><br \/>\n      <!-- end of share and follow --><\/p>\n<div class=\"print_sub\">\n<h3 class=\"sub_titles\">&#13;<br \/>\n        \t<a href=\"http:\/\/www.prisonplanet.com\/jpmorgan-just-cant-stay-awake-in-this-market-nothing-is-changing-the-equity-narrative.html\/print\/\" title=\"Print\" rel=\"nofollow\"><img decoding=\"async\" class=\"WP-PrintIcon\" src=\"http:\/\/hw.prisonplanet.com\/wp-content\/plugins\/wp-print\/images\/printer_famfamfam.gif\" alt=\"Print\" title=\"Print\" style=\"border: 0px;\"\/><\/a><br \/>\nPrint this page.<\/h3>\n<\/p><\/div>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/>\n<p>        <!--\n      \n\n<div class=\"nextpage\">\n              <\/div>\n\n \n --><\/p>\n<p><!--\n<iframe loading=\"lazy\" width=\"600\" height=\"338\" src=\"http:\/\/www.youtube.com\/embed\/Gm2pZEeYN0E?list=UUvsye7V9psc-APX6wV1twLg\" frameborder=\"0\" allowfullscreen><\/iframe>\n--><\/p>\n<\/div>\n<p><a href=\"http:\/\/www.prisonplanet.com\/jpmorgan-just-cant-stay-awake-in-this-market-nothing-is-changing-the-equity-narrative.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BloombergFebruary 9, 2017 With nearly a record 40 days of the S&amp;P not having an intraday swing of 1% or more, traders \u2013 desperate for volatility \u2013 are fuming at a market that has apparently flatlined. They are not alone: as JPM\u2019s Adam Crisafulli writes in his overnight piece, \u201cit was once again a night [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-294183","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/294183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=294183"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/294183\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=294183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=294183"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=294183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}