# Tech and crypto are melting down but big banks just got a clean bill of health — rotate into JPMorgan and Goldman

_AI-generated trading idea · LONG · GS, JPM, XLF_

> Canonical page: https://commonquant.ai/research/for-you/tech-and-crypto-are-melting-down-but-big-banks-just-got-a-cl--82269a0b-e678-4546-87ad-5412e89dc47e

Tech stocks and Bitcoin are both crashing as investors flee risky bets, but the Federal Reserve just confirmed that major banks are financially bulletproof. This creates a perfect storm where scared money is flowing out of crypto and tech and straight into safe, dividend-paying bank stocks.

## Idea

We are seeing a massive flight to safety as investors dump volatile tech stocks and cryptocurrencies, wiping out over a trillion dollars in crypto value alone. At the exact same time, the Federal Reserve's annual checkup showed all major banks could easily survive a severe recession, prompting JPMorgan and Goldman Sachs to reward shareholders with massive stock buybacks and dividend hikes. Connecting these stories, the terrified money fleeing the tech and crypto crashes needs a safe place to land, and the newly fortified, highly profitable major banks are the perfect destination for that cash.

## Key details

- Symbols: GS, JPM, XLF
- Timeframes: D1
- Tags: \#stocks, \#crypto, \#macro

## Community

- Upvotes: 16
- Views: 2
- Copies: 0
- Cosigns: 0

## News sources

- [JPMorgan Chase unveils $50 billion buyback, Goldman Sachs raises dividend after Fed stress test](https://www.cnbc.com/2026/06/24/jpmorgan-goldman-sachs-fed-stress-test.html) — CNBC
- [Bitcoin Bottom Hunters Fear Fresh Pain After $1.3 Trillion Rout](https://www.bloomberg.com/news/articles/2026-06-26/bitcoin-bottom-hunters-fear-fresh-pain-after-1-3-trillion-rout) — Bloomberg
- [Nasdaq Tumbles 2.4%. A Chip Selloff Grips Wall Street.](https://www.barrons.com/livecoverage/stock-market-news-today-062326/card/nasdaq-tumbles-2-4-a-chip-selloff-grips-wall-street--E9dfNgPLfK8q0JKHBtwN?siteid=yhoof2&yptr=yahoo) — Barron's

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