JPMorgan Chase & Co. (NYSE:JPM) reported rockstar earnings this morning, beating on the top and bottom line. One of the most impressive areas for JPMorgan was their trading  segment. The Brexit market collapse helped JPMorgan outperform and make quite a lot of money. The stock is higher at $64.42 +1.26 (+1.99%). While JPMorgan is having a solid day, Goldman Sachs Group Inc (NYSE:GS) is ripping higher with an even bigger percentage gain, tradnig at $162.58 +4.66 (+2.95%). Why? The simple answer is the comments made by JPMorgan as they made huge money trading the Brexit market collapse and rebound. Goldman Sachs is known as a far more trader friendly financial institution and thus is expected to have done even better.

Would I buy Goldman Sachs at these levels? Heck no! The stock has risen vertically for two straight weeks and is near the daily 200 moving average. If anything, it is probably an amazing short here.

Markus Teller