JPM: "It Remains A Mystery Why So Many Continue To Anticipate A Change In Trump's Behavior"

Tyler Durden's picture

As traders sit at their desks on Monday, here are the key drivers of risk on what will be a relatively quiet Monday according to JPM's Adam Crisafulli:

Market update – it was a relatively slow weekend w/the exception of a slew of Trump-linked headlines. Cutting through all the Trump noise, the most incremental news concerned ObamaCare as an (albeit vague) Executive Order could allow for the attenuation of the ACA’s individual mandate. While the “tone” of media reports following the new White House’s first weekend weren’t great (the “alternative facts” comment was a popular point of focus), investors at this point should be inured to Trump and it remains a mystery why so many people continue to anticipate a change in behavior.

And a quick look at today's calendar:

Calendar for Mon Jan 23 – earnings are the only major events on Mon (HAL, MCD pre-open and ATI, SIMO, YHOO, and ZION after the close) although a few Washington catalysts will be in focus including Trump’s meetings w/Congressional leaders (there will likely be a slew of headlines coming out of this gathering w/regards to the Congressional agenda over the coming weeks and months) and Tillerson’s vote in the Senate Foreign Relations Committee (Rubio’s vote is being watched closely although he will likely vote in favor).

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Croesus's picture

Go Trump!!

No Trump!!

VinceFostersGhost's picture



You ain't seen nothing yet!


The small of napalm.......every morning.......for four years.


Get some!

GGuy's picture

I voted for the guy, but I'm still not sold he's the real deal.


If he appoints a NON-J00 to run the FED, he is the real deal.

VinceFostersGhost's picture



First of all.....the not part of the government.


A little civics lesson for you........BOOM!!!

toady's picture

"Alternative facts" is what they seized on from the Conway-Todd thing yesterday.... she totally blew him out of the water, and they completely ignored it!

Lost My Shorts's picture

"I’m a person that very strongly believes in academics. In fact, every time I say I had an uncle who was a great professor at M.I.T. for thirty-five years, who did a fantastic job in so many different ways, academically—was an academic genius—and then they say, Is Donald Trump an intellectual? Trust me, I’m like a smart persona."

What would you guess this is --

1) A bit from a SNL parody of Trump

2) Something Trump actually said while visiting CIA headquarters

Either way, it's going to be a hilarious four years.

WakeUpPeeeeeople's picture

"First of all.....the not part of the government."


Keep saying it and eventually someone will believe it.

Better to think of it as the gov't is part of the Fed.

Dr. Engali's picture

He just signed an executive order to renegotiate NAFTA ant to pull out of the TPP. What's that tell you?

VinceFostersGhost's picture



Tells me.......we're winning!

MFL5591's picture

Who in the fuck cares about what some liberal eite at JPM has to say about Trump?  Where does this assault end with this group of globalist scum?

BarkingCat's picture

No one cares.

When E.F. Hutton talks.....



Max Cynical's picture

If you're not "sold" by now, you'll never be.

"it remains a mystery why so many people continue to anticipate a change in behavior." because most people are conditioned to typical lying politicans saying anything necessary to get elected and then do exactly the opposite of what they said to get elected.


Vilfredo Pareto's picture



I find it quite impressive that Trump lives in a different reality than everyone else.  However does he not see that his cringeworthy behavior does not help him get the job done?

BabaLooey's picture

Trump knows who elected him.

It WASN'T the fucking banks, elites, Wall Street fucks OR the media.

He also knows the people who did elect him are his bullwark to counter the shit-storm he has against him.

CUCK Todd's pissy fit with Conway yesterday shows these sniveling pricks are not backing down.

Trump "changes"? He loses his base.

His base IS his voters.


cowdiddly's picture

Trump has the KEY support which matters. 62 million voter base, the now dominant Republican party ex a couple of worms and the key piece, the military. At 82% and after Obama purges and abuse they would lay down their life and careers for him from top to bottom. A Big chunk of the CIA, FBI andSS are loyal and ex military, after a leadership change with Pompeo they will be ok.

IF he gets that bunch of Killers in the cabinet approved they will have the banks too. Your not playing with a stupid man this time. He is six moves ahead of you.

Some have'nt got it through their thick head he is the most powerful man on the planet. Some have to learn the hard way.

After eight years of no leadership, all these government agencies have been running amok, He will get it all back under control so it can function properly and as it was intended and bring it back to center.

When the chips are down the rest are just sniveling insignificant worms by comparison.

He will be alright.

VinceFostersGhost's picture



CUCK Todd's pissy fit with Conway yesterday shows these sniveling pricks are not backing down.


You may have witnessed the death of Chuck yersterday......


He can still report from his mom's basement I suppose.

E.F. Mutton's picture

Kellyanne is wearing Cuck Toads nuts for earrings today.

If you stand real close, you might see them.

j0nx's picture

Liberals are losing their shit today. Morning joe and Mika are drama queens extraordinaire this morning about everything trump did this weekend. Saying people in trumps camp need to be fired for the sake of the country and other such ridiculous shit. These people are out of control and need to be dealt with before they start a civil war. The msm's behavior is bordering on sedition.

Vilfredo Pareto's picture

Trump and his people need to quit handing more rope to msm to hang him with.


When you act crazy and say really dumb things people are going to talk about it.  Back away from that twitter account, quit arguing about who had the biggest,bestest, most awesomest inauguration, and start focusing on important stuff. 


That is a pretty fragile narcissist if he feels compelled to respond to the smallest things.   Start building that damn wall instead.

Vilfredo Pareto's picture

But he is getting distracted by arguments over who had the biggest and bestest inauguration.  He wastes time on twitter making comments about nobodies who make comments about him.


This is not helping him do the things we elected him to do.

Bill of Rights's picture

Dear establishment the people wanted Change! well you got it on steroids.


Now go screw yourselves....

NoPension's picture

Obama begat Trump.

Tick Tock.

It's called Blowback, motherfuckers. You assholes on the left thought 8 years of Obama wasn't gonna cost you? A Pen and a Phone?

You fucking left-tards better find a safe space. You invited this.

And I'm going to enjoy every glorious fucked up second of it. The worse it gets, the more you scream...the better I like it.
And telling us how horrible Trump is....haha!!!! What's new? You've inoculated us! We are combat veterans! Cry Wolf??!! Haha!

I'm so glad I lived to see this.

NoPension's picture

....I'm not done.

The left has mainstreamed every deviant action or lifestyle imaginable. Mocked religious beliefs. Ignored the law, except when it is a means to their fucked up end. Left the borders wide open. Let our cities degrade into lawless shitholes filled with left wing assholes and freeshitters. Exported our manufacturing base. Debased our currency. Ruined our education system. Filled our children's heads with mush and faggotry.
All that was decent, good and mocked and bad.

All that was base, deviant, crude..... Celebrated!

If this motherfucker burned to the lug nuts, I couldn't be happier. We, the conservative right, will be ok. We built this bitch....we will build it back.

VinceFostersGhost's picture



....I'm not done.


It's OK......we have time.

ersatz007's picture

Red pill/blue pill.  Politicians on BOTH sides were equally complicit in selling out our manufacturing base while kowtowing to Wall Street/the MIC/corporate overlords and keeping us in perpetual warfare while fleecing the general public. 

LordDampNut's picture
LordDampNut (not verified) NoPension Jan 23, 2017 9:28 AM

Us fuckers on the left thought Obama was an asshole but you are to fucking stupid to know that.

NoPension's picture

Nice try. Too late for that.......

JarMyMetric's picture

A cabinet of billionaires is not change farm animal boy.

BabaLooey's picture

Yeah...we saw what a cabinet of NWO loser fucks did.

The difference is, they work for Trump - and it's Trump that is on the line.

Frankly, I'd rather have Carl, Wilbur and Rex working FOR me - not behind my back.

There's only so much enriching one can do. If any of these guys messes up - or - if they get caught doing shit, I am SURE the Lugenpresse will be all over it. They know this. We know this.

It takes people that KNOW the swamp to drain it. Not some bureaucratic fuckballs. 

Vilfredo Pareto's picture

Looks like change to me.


Has it ever been done before?

JarMyMetric's picture

Who is anticipating a change in Trumps tone? He has been a total asshole his whole life why change now? His Billionaire cabinet will serve Billionaires very well. As for the losers that voted for him they can go fuck themselves or farm animals whatever is handy. 

BigCumulusClouds's picture

Funny how some people equate economic status, that is, being rich with being an asshole.  I suppose these folks do the same with race etc.  I'd bet most of the people who do this are liberals.

beijing expat's picture

Dear retard: if Trump was in it for his billionaire buddies, the corporate media would be licking his ass.

therover's picture

I don't buy that. There are billionaires on both sides of the fence. 

iAmerican3's picture
iAmerican3 (not verified) therover Jan 23, 2017 10:10 AM

Team Anti-Christ vs. God and Team Trump

Bill of Rights's picture

Hmm lots of over tones in your post, we conclude you're an asshole and you enjoy farm animals. and you are a loser. Nice resume cunt.

Calculus99's picture

Assholes often makes the best leaders because they don't give a shit about the short term whining in relation to what they do.

Conversely, nice people in jobs of great power normally get run over.

The US needs an asshole for President, that's why so many voted for the Great Man. The men/women in the heart of the country know this. Only the pussified, cuckified, jackass media don't understand it. They're more concerned about things like feminism when women have never had it so good, have never been in power more (2 of the most powerful people in the world are women Yellon/Merkal), have the media on their side and so on. The support of feminism ain't going to do jackshit for the average American apart from deplete valuable resources and time.

Bill of Rights's picture

Again the biggest mistake this Country ever made was allowing women to vote. They vote with their feelings not for the good of the Country. When you have morons wearing Vagina costumes to prove a point you know they are mentally challenged.

Abraxas's picture

Wow! Racist, bigoted, sexist, I've got it all, baby!

JarMyMetric's picture

Don't worry BOR you can't get mad cow from having anal sex with a cow.

LyLo's picture

I'd happily give up my right to vote to feel honestly represented, as long as my family still has a vote.  (We do own stuff and pay taxes, after all.)  I'd look at this as an improvement, actually.  (I'm female, but tend to leave my vagina costume at home.)

And the best argument against you had something to do with cows...  As it is, they help make your point, don't they?

Giant Meteor's picture

Those billionaires, if he can get them approved, is his line of defense against what is sure to come. That is my reading of the tea leaves this morning. All I know is ya better stock back up on popcorn, you're gonna need lot's of it.

Grimaldus's picture

Damn dude you just pegged my "useful idiot meter" man......









Abraxas's picture

People want the change so much that they'll follow just about anybody who promises it to them. Honest, honey, I won't beat you ever again. Oh, Donny, I knew you really loved me!

SillySalesmanQuestion's picture

Your metric must have been jarred loose, to think you're at WaPo or HuffPo...go grab a teddy bear or some Play-Doh.

BigCumulusClouds's picture

It also remains a mystery why anyone would expect a change in JPM's behavior.  They've been manipulating markets, particularly the precious metals markets, since the cows came home.  And Jamie Dimon walks around as a free man.  Yes, some things never change.

LaurelMaryCecilia's picture

Builders are visionaries.  Entrepreneurs are risk takers.  Hotel owners, beauty pagent, TV show personality celebrities, are sensitive to the tastes of the general public, especially the middle class.   Trump will do everything possible to achieve what he clearly said he wants to do.......  it's built in his personality as provable by events and choices in his life.  

VinceFostersGhost's picture



You don't reason with a get the hell out of the way.