Im melissa lee, coming to you live from studio b at the nasdaq we start off with a sharp reversal in shares of jpmorgan today. The big bank hitting an alltime early in the session, but taking a tumble midday. The drop coming off Ceo Jamie Dimon said this at the companys investor day i think were in a very good position to continue to invest in our future, and were not going to buy back stock now. Share buybacks have been a big driver for stocks this year. Look at the gains in alphabet and apple since the Companies Announced massive repurchase plans. But with stocks at alltime highs, the nasdaq posting a record close today the dow setting a new intraday before pulling back. Have valuations gotten ahead of themselves if jamie dimon is not buying at these levels, the question is, should you why are you laughing already you read my mind. Im thinking to myself, if hes not buying, why should you mouthing it but the reversal today is very interesting. Yeah. Noa lot of volume, this reversal mo
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