January 13, 2026

By Nigam Arora

To gain an edge, this is what you need to know today.

Lower Core CPI

Please click here for a chart of JPMorgan Chase stock (JPM).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of JPM stock is being used to illustrate the point.  JPMorgan (JPM) has kicked off earnings season.
• The chart shows JPM stock did not enter zone 1 (resistance) on earnings.  Immediately after reporting earnings, JPM stock spiked but then pulled back.  Almost every quarter, JPM stock follows this pattern after earnings.
• The chart shows a steady rise in JPM stock since the April 2025 low.