Markets slipped from record highs as investors sold banks despite JPMorgan’s earnings beat, highlighting growing unease over policy risk and valuation. This episode unpacks why strong results weren’t enough to lift financials, how President Trump’s proposed credit-card rate caps and other interventionist ideas are rattling investors, and what softer core CPI means for the Fed’s rate path. With stocks brushing off geopolitics but reacting sharply to domestic policy noise, Jason Britton, Founder and CIO of Reflection Asset Management, weighs whether this is healthy profit-taking—or an early warning that political risk is being repriced.

Markets slipped from record highs as investors sold banks despite JPMorgan&rsquo;s earnings beat, highlighting growing unease over policy risk and valuation. This episode unpacks why strong results weren&rsquo;t enough to lift financials, how President Trump&rsquo;s proposed credit-card rate caps and other interventionist ideas are rattling investors, and what softer core CPI means for the Fed&rsquo;s rate path. With stocks brushing off geopolitics but reacting sharply to domestic policy noise, Jason Britton, Founder and CIO of Reflection Asset Management, weighs whether this is healthy profit-taking&mdash;or an early warning that political risk is being repriced.

Enjoy this breakfast show: as you sip on your morning coffee, let notable markets and finance experts help you make sense of the latest movers on Wall Street.

As you sip on your morning coffee, Money FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.

As you sip on your morning coffee, Money FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.

US Markets Wrap

As you sip on your morning coffee, MONEY FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.

As you sip on your morning coffee, MONEY FM 89.3's Breakfast Show makes sense of the latest movers on Wall Street, with notable markets and finance experts to help you stay ahead.