Déjà vu… The number of stocks outperforming the $SPX has crashed. Banks are not renewing credit lines, resulting in credit contractions.
In fact, tightening is already nearing 2008 levels in many areas 👇🏻 https://t.co/DcJ6cWznzn — Nikolay Kolarov, CFA (@libertniko) May 23, 2023 Jamie Dimon Warns QT Will Lead To More Bank Failures In other words, as other banks fail, JPM prospers: …