Editor’s Commentary: There’s always a challenge when trying to read the financial tea leaves by listening to both bankers and central bankers, let alone government or corporate media. We have to be discerning to understand when they’re telling us what they want us to hear and when they’re telling us the truth.
Generally, I avoid taking financial advise from the JPMorgans of the world simply because I know that everything that they release to the public is designed to help themselves, not the public. But there are times when the advice they give is designed to help themselves BY helping their investors, and I believe the information below reported by Anna Golubova from Kitco is one of those occasions. They’re not telling people to sell equities and buy gold because they’re trying to hurt people. They’re saying it because they know if they’re correct, both they and the people who heed their advice will benefit. With that said, here’s Anna…
JPMorgan advises cutting exposure to risk-on assets and holding more cash and gold, citing the U.S. debt ceiling risk, recession outlook, and a hawkish Federal Reserve stance.
With the macro environment taking on several new risks, a team led by JPMorgan Chase chief global market strategist Marko Kolanovic is trimming its exposure to stocks, boosting its cash holdings by 2%, and moving out of energy into gold.
JPMorgan cited gold’s safe-haven effects and properties as a hedge against the debt ceiling debacle.
“Despite last week’s rebound, risk assets are failing to break out of this year’s ranges, and if anything, credit and commodities are trading at the lower end of this year’s ranges,” Bloomberg cited a note Kolanovic wrote to clients. “With equities trading close to this year’s highs, our model portfolio produced another loss last month, the third loss in four months.”
Longer-term, a Federal Reserve that keeps rates higher for longer, which is against the market’s rate cut expectations, would further weigh on equities, Kolanovic said.
“A divergence remains between rates markets that expect the Fed to cut this year, equity markets that interpret those potential cuts as positive for risk, and the Fed’s more hawkish rhetoric,” he said. “This gap is likely to close at the expense of equities, as rate cuts will likely only transpire from a risk-off event, and if rates stay higher, they should weigh on equity multiples and economic activity.”
Kolanovic favored a rebound in equities last year but eventually turned bearish, cutting JPMorgan’s model equity allocation in mid-December, January, March, and May.
After Tuesday’s meeting, there was no sign of progress from representatives of President Joe Biden and congressional Republicans. But talks are said to restart Wednesday morning.
U.S. Treasury Secretary Janet Yellen reiterated over the weekend that June 1 remains a “hard deadline” to lift the debt ceiling. Failure to do so would lead to a default.
“I indicated in my last letter to Congress that we expect to be unable to pay all of our bills in early June and possibly as soon as June 1,” Yellen said during the NBC’s ‘Meet the Press’ program. “And I will continue to update Congress, but I certainly haven’t changed my assessment. So I think that that’s a hard deadline.”
Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures
The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?
That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.
From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.
The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.
This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.
For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.
Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.
As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.
If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.
