Rising rates have hurt the Treasury holdings JPM must keep on its balance sheet, like all banks, and its chart has worsened; the Genius Power Index of 50 is neither great nor worst, oscillating in the lower half of its range, and there is no good reason to buy bank stocks now.

In fact, at the beginning of the year I thought one of the big deals would be the banks deal, but I didn't think interest rates would rise as much as they did . Interest rates, if you know how they work, when they rise, the value of Treasury bonds and interest-bearing instruments falls.

Thus , Treasury bonds fell . And if Treasury bonds are falling and you're holding them on your balance sheet, as JPMorgan is required to do like all banks, well, your balance sheet is looking worse and worse.

Thus, the graph also looks worse and worse. Now, this is not the end of the world here. She has a genius power index of 50, so it's not great, and it's not the worst, but she's been in a back-and-forth oscillation zone , so you're in the lower half of that range.

There is no good reason to buy bank stocks at the moment.