As The 'Sell-America' Trade Runs Out Of Steam, JPMorgan Strategy Chair Deep-Dives Washington's Grip Over Markets On Its 250th Birthday ^75.3%

ZeroHedge - By Tyler Durden - 6/27/2026, 5:25 PM

Negativity Bias 56% - Ambiguity (Equivocation) 49.5% - Confirmation Bias 40.4%

On the 250th anniversary of the Declaration of Independence, Michael Cembalest, Chair of Market and Investment Strategy for JPMorgan Asset & Wealth Management, uses the imaginary “Aquilaceph” - a half bald eagle, half octopus - as a metaphor for America’s continued tight grip on global markets. Chapter 1: The dollar’s grip on reserve... more