money, coin, investment-2724241.jpg

Today in the Market (6/1/2022)

Good Evening. After scathing comments from JPMorgan (JPM) CEO Jamie Dimon warning of a “hurricane” coming down on the US economy, US markets lost ground on the first trading day of June.

On Wednesday, the S&P 500 sank 0.75%, the Dow down 0.54%, and the Nasdaq plummeted 0.72%.


An excellent earnings report from Salesforce (CRM) late Tuesday boosted investor mood early Wednesday, as the software business lifted its profit projection and stated that macroeconomic uncertainty had no meaningful influence on operations.

Despite four decades of high inflation and declining consumer demand, the business said on Tuesday that there was a substantial demand for its software from companies trying to increase efficiencies and incorporate modern-day workflows, including hybrid labor.

  • Earnings per share: $0.98 vs. $0.94 estimate

  • Revenue: $7.41 Billion vs. $7.38 Billion estimate

“We’re just not seeing material impact on the broader economic world that all of you are in,” Salesforce Chief Executive Officer Marc Benioff said in an earnings call.

In contrast, some corporate counterparts reported disappointing quarterly results, indicating that rising costs and supply chain imbalances may be a problem in the future.


money, coin, investment-2724241.jpg

Jamie Dimon, the CEO of JPMorgan (JPM), made headlines on Wednesday with his remarks at an investor conference.

Dimon, speaking at Bernstein’s Strategic Decisions Conference, claimed the US economy is facing a “storm” as the Federal Reserve continues to normalize interest rates. Dimon claimed he’d previously referred to the economy’s future issues as “storm clouds.”

“Right now, it’s kind of sunny, things are doing fine,” Dimon told the conference, according to a transcript from S&P Capital IQ. “Everyone thinks the Fed can handle this. That hurricane is right out there down the road, coming our way. We just don’t know if it’s a minor one or Superstorm Sandy.” Dimon said that the banking industry and customers, with over $2 trillion in savings, are in a good position to weather the storm.

Scroll to Top

Where Are You On Your Investment Journey?




All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.


Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?