Jamie Dimon on the bond market, Palantir contract: Trending Tickers

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a day ago

JPMorgan Chase & Co. (JPM) CEO Jamie Dimon warned that "a crack" is beginning to form in the bond market (^TYX, ^TNX, ^FVX) — "It is going to happen" — at an economic forum on Friday
The Trump administration has tapped Palantir Technologies (PLTR) for a new contract, according to the New York Times, to expand the government's tech infrastructure and databases.
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Now time for some of today's trending tickers.
We're looking at the 10 year treasury.
JPMorgan Chase CEO Jamie Dimon saying we're going to see a crack in the bond market.
Dimond making the comments an economic forum Friday, Josh, so Diamond saying issuing me this warning, there's going to be a crack in the bond market.
You're gonna panic, he says.
He says he's not gonna panic, but you're gonna panic.
I might.
Yeah, you might maybe everybody will.
Uh, it is Jamie Dimon, and so obviously when he Speaks people do pay attention and he's right to say that you stay focused on the bond market, which was spooking folks and we can debate the reasons why it was maybe debts and deficits or was it recession fears and winding was the selling in in in Japanese government debt, but it was spooking folks.
There's something about Jamie Dimon and always hitting exactly where kind of the market zeitgeist is, right?
It's if we're talking about the Fed and the Fed should cut seems to be the narrative that's out there, it feels like he starts talking.
About rates if it's recession, it's that bond markets definitely been the conversation, right?
And I think to Diamond's point, higher yields have weighed on stocks, right?
That's been the clear trade over the last month in the sense that a lot of the broader market has struggled as rates are going higher and it definitely feels like the biggest fear or one of the biggest fears in the market right now.
City Stewart Kaiser laid out kind of three key risks to the bond or to the stock market, and he said simply that premium.
Uh, that bond market premium continuing to move higher is one of the key risks he's concerned about right now.
And you also hope that it does feel like things have perhaps right now calmed down a bit.
I mean, I'm looking at the 10 year benchmark.
We are back to 44.
Well, what I find interesting, he also said in this conversation that this may be the wake up call that we need.
I mean, I think with what we saw last two weeks, we got the wake up call already, so I'm not really sure what this really adds.
I mean, of course.
He's always going to make news with what he says, but you know, I, I think he's already to your point, talking about the zeitgeist, and we've been talking about it for a while.
So, um, you know, to me it's, it's always nice to have a Jamie headline here and there, but I'm just really not sure what new things we're learning from his insights today.
I mean, he's he's right.
I mean debts and deficits, it's are a big challenge, and bond markets gonna have to navigate that.
We are checking in on Palantirer, and by the way, those shares tacking on a nice 5%.
In today's trade that's at the New York Times reported President Trump has expanded the software company's work across the federal government, tapping the company's technology which can easily organize, we know, and analyze data pulled from different agencies.
So this was the Times report how the Trump administration has expanded Paltier's work, jobs for the government.
They say the company has received more than $113 million in federal government spending since Trump took office.
It does not, and that doesn't include, by the way.
They see this nearly $800 million contract that the DOD awarded Alex Karp's company last week.
This has not been a stock by what you want to bet against.
It's been rough.
No, short sellers have lost over $2 billion betting on this stock since April 8th.
That's from, uh, S3 Partners, Josh.
But you just zoom out on the stock like we're doing right now, right?
You look over 6 months, things up 91%.
Like stock is now trading at basically an all-time high, right around 470% over the past 12 months.
Yeah, it's, it's it's crazy.
Crazy crazy chart and I think I was when we were talking about this before the show, I was looking stock was only up 1% and I was like, OK, maybe we finally just maxed out on potential catalysts here because it is a good contract and the stock wasn't moving that much.
Now interesting as we get the broader market rally that we're starting to see into the close.
Palantirer is one of the key movers.
Palantirer feels like it's been a little bit of a leader for the market.
Palantirer kind of moves a little bit higher than the market's moving, but it's definitely one of those hype trades, right?
Oh, what do you make of it?
Pallanter and Nvidia, these are companies you don't bet against now.
I think.
Most fascinating to me is that there were some concerns that defense stocks were going to get hit as the Doge operation was well underway, and the fact that Palantirer has done better than most expected, but clearly still winning more contracts and that Trump is is very much leaning into Karp's business is is obviously another reason that you will not now bet against Palantirer.
And by the way, what else happened this week?
Fannie Mae told us they're launching this AI powered crime detection unit.
Who did they partner with?
Patienter.