JPMorgan Earnings, Trump vs Powell, Goldman’s Revenge, Apple + Google Deal
January 13, 2026
AI Summary
5 min read🎙️ The Voices & The Context
- The Format: Casual live stream chat between two hosts, blending market analysis, earnings recaps, charts, and banter with live audience interaction.
- The Key Players:
- Hosts: Downtown Josh Brown (optimistic, big-picture thinker) and Michael Batnick (data-driven, chart enthusiast). Their chemistry is electric—witty jabs, shared laughs, and seamless back-and-forth on finance, making complex topics feel like bar talk.
- The Vibe: Fun, optimistic, and educational with high energy; they're bullish on markets amid earnings hype.
🗝️ Key Themes & Topics
Discussed banks' strong earnings, market broadening beyond tech, economic resilience, and quirky news bites like drinking hacks and airline shifts.
- Topic 1: Bank Earnings Optimism. Hosts dissect JPMorgan's blowout results (e.g., $57.5B 2025 profit, resilient consumer), Jamie Dimon's balanced warnings, and previews for Citi, Wells Fargo. No recession signals; net interest margins and loans thriving.
- Topic 2: Market Broadening & Cyclicals. Tech underperforms (e.g., XLK down vs. S&P), but 90% of cyclical sub-industries (auto parts, casinos, homebuilders) above key moving averages—bullish for materials, energy, industrials. "Great broadening" signals late-cycle strength.
- Topic 3: Corporate News & Misc. Spotify/Netflix stocks mirror each other; Gol
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What you'll learn
- 1 (00:00) **Zebra Striping Drinking Strategy**
- 2 (03:40) **Earnings Season: Banks Preview**
- 3 (05:00) **JPMorgan Earnings Deep Dive**
- 4 (16:45) **Spotify & Netflix Stocks Mirror Each Other**
- 5 (18:00) **Market Breadth & Sector Rotation**
- 6 (27:40) **Apple Siri Powered by Google AI**
- 7 (33:20) **Goldman Sachs Exits Consumer Lending**
+ Full timestamped outline available in the app
Show Notes
Join Downtown Josh Brown and Michael Batnick for another episode of What Are Your Thoughts and see what they have to say about the biggest topics in investing and finance!
This episode is sponsored by Betterment Advisor Solutions. Learn more at http://Betterment.com/advisors
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Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Josh Brown are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management.
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