⚡ MARKET RECAP → Dow tumbles more than 700 points as oil jumps, closing at new 2026 low under 47,000.

🏦 JPMORGAN TARGETS STARTUP BANKING → JPMorgan (JPM) is expanding its push into venture and startup banking in the wake of Silicon Valley Bank’s collapse, aiming to capture deposits, lending and long-term relationships with young tech companies that could grow into major corporate clients.

📉 GROWTH SLOWS WHILE INFLATION LINGERS → U.S. GDP was revised down to just 0.7% growth in Q4 while core inflation climbed to 3.1% in January, creating a difficult mix of slowing momentum and persistent price pressure that complicates the Federal Reserve’s path on interest rates.

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For the week beginning March 16, 2026

🏦 JPMorgan Chase (JPM) is moving aggressively to win over startups once loyal to Silicon Valley Bank. The banking giant is expanding services for venture-backed companies after SVB’s collapse reshaped the startup finance landscape. JPMorgan executives say the goal is to provide a full-stack offering — including lending, treasury, payments and venture banking — that can scale alongside young tech companies.

💼 The opportunity opened after SVB’s fall. When Silicon Valley Bank failed in 2023, thousands of startups suddenly had to rethink where they kept deposits and raised credit lines. JPMorgan has been building out specialized startup teams and courting founders and venture capital firms, hoping to capture a market that SVB once dominated.

📊 For JPMorgan, this is about capturing the next generation of clients. Venture-backed companies may start small, but they often become long-term corporate banking customers if they scale successfully. By embedding itself early in the startup ecosystem, JPMorgan is effectively betting that today’s founders could become tomorrow’s major public-company clients.

📉 The U.S. economy slowed sharply at the end of 2025. Fourth-quarter GDP growth was revised down to just 0.7% annualized, half the initial estimate of 1.4% and far below expectations, reflecting weaker consumer spending, exports and government outlays. The revision marked a major slowdown from the 4.4% growth rate in the third quarter, suggesting the economy lost momentum heading into 2026.

🔥 Inflation isn’t cooperating with the slowdown. At the same time, January’s core PCE inflation rose to 3.1%, up slightly from December and well above the Federal Reserve’s 2% target. That combination of slower growth and persistent inflation has revived concerns about a stagflation-like environment for policymakers and investors.

📊 The Fed’s balancing act just got harder. Sluggish growth would normally support interest-rate cuts, but stubborn inflation limits how quickly the central bank can ease policy. With geopolitical tensions and higher energy prices also looming, markets are increasingly debating whether the economy is heading toward a soft landing—or a tougher mix of slow growth and sticky prices.

How the Iran war could start to impact U.S. retail prices (CNBC)

Trump says he thinks Putin is helping Iran (CNBC)

Barclays’ model shows AI spending cycle is far from peak. That means Nvidia shares are too cheap (CNBC)

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