Skip to main content
logo
  • Funds
    Overview

    Fund Explorer

    • Search our funds

    Capabilities

    • Fixed Income
    • Equities
    • Multi-Asset
    • Alternatives
    • ETFs

    Fund Information

    • Fund news and announcements
    • Capacity management
    • Regulatory updates
  • Investment Themes
    Overview
    • Sustainable investing
    • Income
  • Insights
    Overview

    Market Insights

    • Guide to the Markets
    • On the Minds of Investors
    • The Weekly Brief
    • Investment Principles
    • Investment Outlook 2025
    • Foundations of Alternatives
    • Why Alternatives?

    Portfolio Insights

    • Asset Allocation Views
    • Fixed Income Views
    • Equity Views
    • Factor Views
    • Emerging Market Debt Strategy
    • ETF Perspectives
  • Library
  • About Us
    Overview
    • Diversity, Equity and Inclusion
    • Our Leadership Team
  • Contact Us
  • Language
    • Deutsch/ German
    • Français/ French
  • Role
  • Country
Search
Menu
Search
  1. Insights

investment-outlook-2025-1400x600

 

 

Investment Outlook 2025

Pushing the Boundaries

Our Investment Outlook covers all the big issues facing investors, from US economic policy and AI investing, to portfolio diversification, Chinese stimulus and European equity valuations.
 

Explore now

 

Stay Current

  • Guide to the Markets
  • The Weekly Brief
  • ESG Explained

Guide to the Markets

The J.P. Morgan Guide to the Markets illustrates a comprehensive array of market and economic histories, trends and statistics through clear charts and graphs.

Read more

Investment Principles

Investing for the future successfully doesn't require prediction. See how strategies like compound interest investing can help you in the long-term at J.P. Morgan.

Read more

On the Minds of Investors

A new path for the US dollar

Explore the factors behind the US dollar's recent peak valuation, find out why the dollar is expected to decline gradually from here, and discover strategies for managing currency exposures amid evolving economic and trade dynamics.

Read more

Rethinking equity income in volatile markets

Find out how regional diversification and income strategies—from the income available from dividend-paying stocks, or the additional income provided by premiums from covered call options—could help investors maintain a more defensive equity market exposure in the current volatile market environment.

Read more

US tariffs: What to do and what not to do, in light of tariff news

Explore the potential impact of US tariffs on global markets, and learn how to build more resilient portfolios that can protect against varied risks and capitalise on opportunities amid the current economic uncertainty. Updated regularly.

Read more

Lessons to be learned from the recent selloff in US Treasuries

Discover the factors behind the recent rise in US Treasury yields. Learn about structural shifts, market dynamics, and the Fed's role, offering insights into why core government bonds remain a hedge against recession risks over the medium term.

Read more

A new supercycle – the clean tech transition and implications for global commodities

A forced and rapid energy transition is under way. Discover what impact this will have on commodity markets and clean energy investment opportunities.

Read more

The outlook for US equities after a difficult first quarter

Read our latest equity market outlook to learn why the US stock market has had a volatile start to 2025, and to find out what the rest of the year may have in store for equity investors.

Read more

The cost of holding cash in a volatile market | J.P. Morgan Asset Management

Is cash really king? Explore why holding cash may underperform other asset classes and how smarter investment strategies can thrive in a volatile market.

Read more

Understanding the shifting risks of passive investing

Discover the risks of passive investing in today’s shifting economic and political tides, and how they influence portfolio returns.

Read more

How to invest in an age of tariffs and growing trade tensions

Find out how US tariffs may impact markets and learn strategies for investing during rising trade tensions. Explore inflation risks, market dynamics and the potential investment implications

Read more

UK equity market: A value opportunity, not a value trap

Explore the UK equity market's potential for recovery. Learn how shifts in corporate behaviour, supportive policies and an economic upswing can help drive demand for UK stocks.

Read more

What can sustain the latest Chinese equity rally?

This paper addresses the impact of Beijing’s coordinated policies on the recent Chinese equity market rally, and the long-term investment implications.

Read more

Budget choices and challenges facing the new UK chancellor

Explore the fiscal challenges and tough choices facing the UK's new chancellor, Rachel Reeves, as she prepares her first budget.

Read more

The US labour market: Cooling, but not collapsing

Understand why the US labour market is cooling and what it means for the economy.

Read more

Japan is changing – opportunities and risks for equity investors

Japanese equities are in the spotlight, but investors should be mindful of the risks as well as the opportunities

Read more

Implications of Middle East tensions for the global economy and markets

We explore the potential economic and market scenarios stemming from escalating tensions in the Middle East.

Read more

Understanding small cap valuations

Understand the drivers of small cap valuations and find out why small cap stocks could still offer attractive opportunities for long-term investors.

Read more

Sustainability and portfolio returns

Read about the complex issues at the heart of measuring the financial impact of ESG investing.

Read more

Portfolio Insights

Global Asset Allocation Views 2Q 2025

As U.S. growth is cooling, but not collapsing, we have trimmed overall risk in our portfolios. We are broadly neutral to modestly overweight equity; we overweight credit with reasonable conviction and mildly overweight duration.

Read the latest views

Global Fixed Income Views 2Q 2025

We see Sub-Trend Growth as becoming more likely at 60%, and have lowered the probability of Above-Trend Growth to 10%. We raised the probability of a Recession to 20% while Crisis remains at 10%.

Read the latest views

Global Equity Views 2Q 2025

The outlook for profits is cloudier, but we still expect modest growth this year. Many of our investors favor quality stocks in the financial and industrial sectors while avoiding high priced defensives.

Read the latest views

Factor Views 2Q 2025

Factors delivered a strong first quarter, offering investors a diversifying source of returns as uncertainty rose about the outlook for equity market performance and economic growth.

Read the latest views

ETF Perspectives

Explore insights from J.P. Morgan Asset Management’s ETF research. In addition discover data and commentary on current topics related to ETF classes and strategies.

Find out more

The value of investments may go down as well as up and investors may not get back the full amount invested.