U.S. stock futures rose Tuesday as worries over unrest in China and its Covid protocols appeared to ease.
Copper prices have gained 8.6% since the start of the month, putting it on track for its best monthly performance since April 2021.
Meanwhile, nickel has added 20.9% and is poised for its best monthly performance since March, when it gained 32.2%. "This is a whole edifice that was built on a lot of leverage and there are probably just so many cockroaches hidden within the wall," the CIO of Muddy Waters Capital said on CNBC's "Squawk Box." "The fact that you see these systemic failures within the crypto is not surprising to me given how much leverage existed between these firms."following the implosion of putative acquirer FTX.
JPMorgan's earning power, reserves for loan losses, diverse business lines and moves to lower risk "ought to render JPMorgan well prepared and well positioned to manage through" the expected downturn, she said.
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