Skip to main content
logo
  • My collections
    View saved content and presentation slides
  • Accounts and documents
    Digital servicing offering for active investors
  • Log out
  • Investment Strategies

      Investment Options

      • Overview
      • Alternatives
      • Beta Strategies
      • Equities
      • Fixed Income
      • Multi-Asset Solutions

      Capabilities & Solutions

      • ETFs
      • Global Insurance Solutions
      • Pension investment solutions
      • Outsourced CIO
      • The power of active
      • Sustainable investing
      • Fixed income
    • Insights

        Market Insights

        • Market Insights Overview
        • Eye on the Market
        • Guide to the Markets
        • Guide to Alternatives
        • Mid-Year Investment Outlook 2026
        • Why Alternatives?

        Portfolio Insights

        • Portfolio Insights Overview
        • Alternatives
        • Asset Class Views
        • Equity
        • ETF Perspectives
        • Fixed Income
        • Long-Term Capital Market Assumptions
        • Sustainable Investing Insights
        • Strategic Investment Advisory Group

        ETF Insights

        • ETF Insights Overview
        • Guide to ETFs

        Events

        • Webcasts
      • Resources
          • Overview
          • Center for Investment Excellence Podcasts
          • Library
          • Insights App
          • Morgan Institutional
          • Investment Academy
        • About us
            • Overview
            • Diversity, Opportunity & Inclusion
            • Our Leadership Team
            • Our Commitment to Research
          • Contact Us
          • English
            • My collections
              View saved content and presentation slides
            • Accounts and documents
              Digital servicing offering for active investors
            • Log out
          • Log in
          Log in
          You are about to leave the site Close
          J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
          CONTINUE Go Back

          <p>Eye on the Market</p>

          Michael Cembalest, Chairman of Market and Investment Strategy, offers timely commentary on the economy, markets and investment portfolios

          1. Home | Institutional Investors
          2. Insights
          3. Market Insights Overview

          Latest insights

          About Eye on the Market

          Michael Cembalest is the Chairman of Market and Investment strategy for J.P.Morgan Asset & Wealth Management. Since 2005, Michael has been the author of Eye On The Market, which covers a wide range of topics across markets, investments, economics, politics, energy, municipal finance and more.

          Follow Michael on LinkedIn
          Follow Michael's podcast

          Special reports

          • Annual Outlook
          • Energy Outlook

          Smothering Heights

          Accessible PDF

          Read more

          Outlook 2025: The Alchemists

          Read more

          Outlook 2024: Pillow Talk

          Read more

          Market Outlook 2023: The End of the Affair

          Read more

          Outlook 2022 - Reflation: Endgame

          A look at the consequences of reflation for equity markets that are already pricing in plenty of good news.

          Read more

          Heliocentrism: Objects may be further away than they appear

          Read more

          Electravision

          Read more

          Growing Pains: Renewable Transition in Adolescence

          Read more

          2022 Annual Energy Paper

          Accessible PDF

          Read more
          • Markets
          • Economy
          J.P. Morgan Asset Management
          • About us
          • Investment stewardship
          • Privacy policy
          • Cookie policy
          • Sitemap
          J.P. Morgan
          • J.P. Morgan
          • JPMorgan Chase
          • Chase

          READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

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

          Copyright 2026 JPMorgan Chase & Co. All rights reserved.