JPMorgan Chase & Co. Has $22.31 Million Stock Position in Texas Capital Bancshares, Inc. $TCBI

A New York Post report says JPMorgan is exploring a potential acquisition of Carlyle Global Credit, Carlyle’s private credit unit, if it becomes available. The speculation follows Jamie Dimon’s conference comments that JPMorgan is evaluating deals worth $10 billion to $20 billion over the next several years. Carlyle Global Credit manages about $194 billion in assets under management.

The SEC’s approval of ETF share-class structures could speed mutual-fund-to-ETF conversions, as the shift is already accelerating. Morningstar data cited by VettaFi shows 200+ conversions and $260B+ in converted assets, including 60 in 2025. Dimensional has moved about $29B since 2021 and attracted $45B+ net inflows. JPMorgan and Fidelity also converted billions.

Broadcom’s warning that AI-chip sales would be about $16 billion, ~7% below expectations, triggered a rotation in the US and Europe, with tech lagging and banks/healthcare rising; the VIX fell to 15.40. About 36 hours later, South Korea’s KOSPI dropped ~5% and a circuit breaker halted trading as Samsung and SK Hynix fell. The article attributes the split to Asia’s chip concentration versus the West’s diversification.

June 5 market wrap: The Dow rose 874.86 points (1.73%) to a record 51,561.93, while the S&P 500 gained 0.41% and the Nasdaq fell 0.09% as investors rotated out of technology. Broadcom dropped 12.6% after a revenue miss. US data showed initial jobless claims at 225K (vs 214K) and productivity 0.3% (vs 0.8%). Fed hike odds for year-end rose to 85% (from 60%).

SpaceX is preparing a planned IPO to raise $75 billion at a $1.75 trillion valuation, according to the article. It says 23 banks, led by Goldman Sachs and Morgan Stanley, are involved and underwriting fees could total about $500 million. JPMorgan CEO Jamie Dimon is reportedly joining the roadshow, speaking with SpaceX executives to pitch the deal to clients.

The Dow Jones hit a record close, rising 875 points (1.73%) to 52,000, while the Nasdaq slipped 0.09% and the S&P 500 gained 0.41%, as investors rotated from AI/chip stocks into traditional sectors. UnitedHealth, JPMorgan and Walmart led; Broadcom fell 14% after second-quarter revenue missed expectations, dragging semiconductors. The article links the prior sell-off to rising Middle East tensions.