Could the recent banking sector stress persuade the Fed to go slow?
This paper, written by Tai Hui, discusses the recent bank failures and our expectations of the March FOMC meeting results.
On the Minds of Investors
Drawing on the depth and breadth of their market and economic expertise, our global macro strategists offer insight into today's big investment themes to enable more confident portfolio decisions.
You asked, we answer. On the Minds of Investors tackles the big questions we hear in our conversations with clients – it’s our latest thinking on the issues that matter to you.
This paper, written by Tai Hui, discusses the recent bank failures and our expectations of the March FOMC meeting results.
This paper, written by Kerry Craig, discusses the Fed's 2% inflation target and our expectations of the inflation trajectory.
This paper, written by Tai Hui, addresses the outlook for U.S. dollar and the key factors driving its performance with investment implications.
This paper, written by Chaoping Zhu, provides the preview of the National People's Congress annual session and its investment implications. (3-minute read)
This paper, written by Marcella Chow, Shogo Maekawa, Jennifer Qiu and Adrian Tong, discusses the outlook for Japan's monetary policy and its investment implications. (3-minute read)
This paper, written by David Lebovitz and Nimish Vyas, discusses the 4Q22 U.S. earnings results so far and the investment implications. (3-minute read)
This paper, written by Marcella Chow, discusses our views on growth and rates, as well as the outlook for different fixed income assets. (3-minute read)
This paper, written by Tai Hui, discusses U.S. growth and inflation, as well as expectations of the Fed's upcoming rate decisions. (3-minute read)
This paper, written by Chaoping Zhu, discusses the outlook for the Chinese economy with update on latest GDP number and situation of COVID-19. (3-minute read)
This paper, written by Marcella Chow, Adrian Tong and Jennifer Qiu, discusses the impact of China’s reopening on tourism, trade and inflation. (3-minute read)
This paper, written by Tai Hui, Chaoping Zhu, Marcella Chow and Adrian Tong, discusses continued hawkishness among DM central banks and China's Central Economic Work Conference. (3-minute read)
This paper, written by Chaoping Zhu and Marcella Chow, discusses the outlook for the Chinese economy and CNY in light of the recent easing of COVID restrictions and upcoming policy conferences. (3-minute read)
This paper, written by Adrian Tong and Jennifer Qiu, discusses the mixed outlook for U.S. consumer spending given lower savings rate, real wage growth and consumer sentiments. (3-minute read)
This paper, written by Meera Pandit, Ian Hui and Adrian Tong, discusses the outlook for markets after the mid-term U.S. elections. (3-minute read)
This paper, written by Tai Hui, discusses the outlook for U.S. and China equities after recent economic and policy news. (3-minute read)
This paper, written by Tai Hui and David Lebovitz, discusses the outlook for the macroeconomic environment and asset class returns based on the 2023 Long-Term Capital Market Assumptions. (3-minute read)
This paper, written by Chaoping Zhu, discusses the outlook for China's policy pivot and the investment implications. (3-minute read)
This paper, written by Paola Toschi and Vincent Juvyns, discusses the outlook for high dividend stocks in the current market environment and its investment implications.
This paper, written by Ian Hui and Adrian Tong, discusses the outlook for fixed income and the investment implications. (3-minute read)
This paper, written by Nimish Vyas, summarizes the results from the 3Q22 earnings season so far and the outlook for equity markets.
This paper, written by Tai Hui and Meera Pandit, discusses the policy and market outlook with regards to the upcoming U.S. midterm elections. (3-minute read)
This paper, written by Kerry Craig, Vincent Juvyns, Marcella Chow and Hugh Gimber, discusses the outlook of European equities and fixed income. (3-minute read)
The September Jobs report showed the economy continues to make progress in easing labor market tightness. The recent pace of job growth remains solid but has moderated, and wage growth continues to run at a more modest pace of 0.3% month-over-month.
This paper, written by Clara Cheong, discusses why investors should stay invested through an income approach. (3-minute read)
This paper discusses the current uncertainties surrounding the UK government and economy, as well as market movements and outlook. (3-minute read)
This paper, written by Tai Hui, discusses our outlook for the U.S. dollar and its investment implications on Asian assets and currencies. (3-minute read)
This paper, written by Clara Cheong, discusses the current outlook of growth stocks and its investment implications. (3-minute read)
This paper, written by Tai Hui, discusses the outlook of the U.S. high yield corporate bonds and its investment implications. (3-minute read)
This paper, written by Tai Hui, summarizes the key takeaways from the Jackson Hole meeting and its investment implications. (3-minute read)
This paper, written by David Lebovitz, Ian Hui and Nimish Vyaz, summarizes the 2Q22 U.S. earnings result and its investment implications. (3-minute read)
This paper, written by Tai Hui, discusses the current situation and development of Asian technology sector with investment implications. (4-minute read)
This paper, written by Clara Cheong, discusses the views on enhancing the 60/40 portfolio in today's market environment with investment implications. (4-minute read)
This paper, written by Clara Cheong, discusses the views regarding the earnings recession in the U.S. and path of inflation with investment implications. (4-minute read)
This paper, written by Chaoping Zhu, addresses the prospects and views regarding the gradual recovery of China's economy and its investment implications. (4-minute read)
This paper, written by Tai Hui, addresses the reason behind and our view regarding the sustainability as a long-term investment theme and its investment implications. (4-minute read)
This paper, written by Tai Hui, addresses the reason behind and our view regarding the fixed income as a portfolio component to prepare for slower growth and its investment implications. (3-minute read)
This paper, written by Kerry Craig, describes the situation of private markets under the prospect of higher rates, higher inflation and a slower growth outlook with investment implications. (4-minute read)
While investors will inevitably be focusing on the Federal Reserve’s policy this week, one question on the back of everyone’s mind would be the risk of a recession in the U.S. (4-minute read)
Even as QT commences, long-term rates are likely to trade range bound between 3.00%-3.5% and be little impacted by balance sheet reduction at first. That said, as bank reserves decline to levels that may restrict bank activity, markets will likely signal the Fed may need to change course.
This paper, written by Tai Hui, discusses inflation and central bank policy in Asia, and its investment implications. (4-minute read)
This paper, written by Chaoping Zhu and Marcella Chow, discusses the current China's COVID situation and future policy with its investment implications. (4-minute read)
Long-term investors are facing a number of challenges today. Multi-decade-high inflation is eroding purchasing power and portfolio values, and recent volatility across capital markets has made the investment landscape look perilous.
The spike in yields through the first five months of this year has led to some very ugly returns in fixed income.
A re-rating of valuations has led to negative equity returns year-to-date, but importantly, earnings estimates have continued to trend higher. In an environment of rising rates, earnings will be the key driver of returns. (4-minute read)
The US economy is showing signs that the post pandemic surge is beginning to moderate, but we do not think a recession is imminent. Nonetheless, stocks are near correction territory, consumer sentiment has soured to levels last seen in 2011, geopolitical tensions are elevated, and prices are higher everywhere; all of which challenge this view.
The war in Ukraine is causing surging commodity prices, COVID lockdowns in China are exacerbating strained supply chains, and 40-year-high inflation has prompted the Fed to aggressively tighten monetary policy. Together these dynamics are also creating uncertainty about future growth.
This paper, written by Marcella Chow and Adrian Tong, addresses the current volatility in global equity markets and its investment implications. (4-minute read)
This paper, written by Kerry Craig and Chaoping Zhu, discusses the current Chinese supply chain under the impact of the COVID-19 wave and Chinese policy, and its investment implications. (4-minute read)
Governments are aligning behind the goal of achieving net zero emissions by 2050, but dramatic changes to the global economy will be required to get us there. Learn more about the policies and innovations that could pave the way to a carbon-neutral world.
This paper, written by Tai Hui, discusses the driving forces behind recent depreciation pressure in the Japanese yen and Chinese yuan, and what this means for investors. (4-minute read)
This paper, written by Chaoping Zhu, discusses the weakened Chinese economic data in March, and the subsequent policy and investment implications. (4-minute read)
2022 has seen a volatile start, with many of the growth names that performed well in the initial stages of the pandemic—as well as over the prior cycle—under pressure. (4-minute read)
Over the last 15 years, international equities have underperformed U.S. equities by a cumulative 270%. Currency played a role in this underperformance, subtracting 25%, as foreign currencies steadily weakened against the U.S. dollar.
This paper, written by Clara Cheong, discusses the recent turn to hawkishness in developed market central bank policies and its investment implications.
This paper, written by Clara Cheong and Adrian Tong, looks at our deep-dive analysis into the forward-looking demand, supply chain issues, inflation and their investment implications. (4-minute read)
The COVID-19 crisis is causing short-term ESG repercussion and longer-term shifts. Find out why sustainability has never been more important for investors.
Explore how investors can hedge against inflation to protect their capital in the next cycle with the help of alternatives and cyclical sectors.
Top questions on the minds of investors. See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors. See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors. See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
Top questions on the minds of investors - See what your peers are asking and read answers from our team of Global Market Strategists.
What does the Global Industry Classification Standard (GICS) sector reclassification mean for equities?
What does the Global Industry Classification Standard (GICS) sector reclassification mean for equities?
What does the Global Industry Classification Standard (GICS) sector reclassification mean for equities?
What does the Global Industry Classification Standard (GICS) sector reclassification mean for equities?
October 15, 2019
October 24, 2019
October 30, 2019
November 7, 2019
November 14, 2019
November 21, 2019
November 28, 2019
December 5, 2019
December 12, 2019
December 19, 2019
January 16, 2020
January 23, 2020
On the Minds of Investors - January 29, 2020
February 5, 2020
February 11, 2020
February 19, 2020
February 25, 2020
February 28, 2020
March 4, 2020
March 4, 2020
March 9, 2020
March 16, 2020
March 24, 2020
March 31, 2020
April 7, 2020
April 16, 2020
April 21, 2020
April 28, 2020
May 5, 2020
May 12, 2020
May 19, 2020
May 28, 2020
While dividends in some regions are likely to face pressure in the coming months, now is not the time to give up on equities as a key source of income for multi-asset portfolios.
June 2, 2020
June 16, 2020
July 8, 2020
Due to COVID-19 and the discussions around social issues and climate change, Sustainable Investing (SI) is more relevant today than ever before.
This paper, written by Tai Hui, analyzes the S&P 500 earnings reports and forecasts and their implications on the recovery from the effects of COVID-19.
This paper, written by Alex Cheung and Ian Hui, discusses the outlook on the Chinese fixed income market following FTSE Russell's decision to include China in its World Government Bond Index.
At the end of last week, it looked like the equity market pullback that everyone had been expecting was finally beginning to materialize.
The balance sheet of the U.S. Federal Reserve (Fed) has increased by 2.9 trillion USD since the start of March, meaning that in just over eleven weeks it has grown more than it did in the five years following the Financial Crisis.
covid 19 affect sustainable bonds
The Market Insights program provides comprehensive data and commentary on global markets without reference to products. Designed as a tool to help clients understand the markets and support investment decision-making, the program explores the implications of current economic data and changing market conditions.
For the purposes of MiFID II, the JPM Market Insights and Portfolio Insights programs are marketing communications and are not in scope for any MiFID II / MiFIR requirements specifically related to investment research. Furthermore, the J.P. Morgan Asset Management Market Insights and Portfolio Insights programs, as non-independent research, have not been prepared in accordance with legal requirements designed to promote the independence of investment research, nor are they subject to any prohibition on dealing ahead of the dissemination of investment research.
This document is a general communication being provided for informational purposes only. It is educational in nature and not designed to be taken as advice or a recommendation for any specific investment product, strategy, plan feature or other purpose in any jurisdiction, nor is it a commitment from J.P. Morgan Asset Management or any of its subsidiaries to participate in any of the transactions mentioned herein. Any examples used are generic, hypothetical and for illustration purposes only. This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. In addition, users should make an independent assessment of the legal, regulatory, tax, credit, and accounting implications and determine, together with their own financial professional, if any investment mentioned herein is believed to be appropriate to their personal goals. Investors should ensure that they obtain all available relevant information before making any investment. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice. All information presented herein is considered to be accurate at the time of production, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. It should be noted that investment involves risks, the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Both past performance and yields are not reliable indicators of current and future results.
J.P. Morgan Asset Management is the brand for the asset management business of JPMorgan Chase & Co. and its affiliates worldwide.
To the extent permitted by applicable law, we may record telephone calls and monitor electronic communications to comply with our legal and regulatory obligations and internal policies. Personal data will be collected, stored and processed by J.P. Morgan Asset Management in accordance with our privacy policies at https://am.jpmorgan.com/global/privacy.
This communication is issued by the following entities:
In the United States, by J.P. Morgan Investment Management Inc. or J.P. Morgan Alternative Asset Management, Inc., both regulated by the Securities and Exchange Commission; in Latin America, for intended recipients’ use only, by local J.P. Morgan entities, as the case may be. In Canada, for institutional clients’ use only, by JPMorgan Asset Management (Canada) Inc., which is a registered Portfolio Manager and Exempt Market Dealer in all Canadian provinces and territories except the Yukon and is also registered as an Investment Fund Manager in British Columbia, Ontario, Quebec and Newfoundland and Labrador. In the United Kingdom, by JPMorgan Asset Management (UK) Limited, which is authorized and regulated by the Financial Conduct Authority; in other European jurisdictions, by JPMorgan Asset Management (Europe) S.à r.l. In Asia Pacific (“APAC”), by the following issuing entities and in the respective jurisdictions in which they are primarily regulated: JPMorgan Asset Management (Asia Pacific) Limited, or JPMorgan Funds (Asia) Limited, or JPMorgan Asset Management Real Assets (Asia) Limited, each of which is regulated by the Securities and Futures Commission of Hong Kong; JPMorgan Asset Management (Singapore) Limited (Co. Reg. No. 197601586K), this advertisement or publication has not been reviewed by the Monetary Authority of Singapore; JPMorgan Asset Management (Taiwan) Limited; JPMorgan Asset Management (Japan) Limited, which is a member of the Investment Trusts Association, Japan, the Japan Investment Advisers Association, Type II Financial Instruments Firms Association and the Japan Securities Dealers Association and is regulated by the Financial Services Agency (registration number “Kanto Local Finance Bureau (Financial Instruments Firm) No. 330”); in Australia, to wholesale clients only as defined in section 761A and 761G of the Corporations Act 2001 (Commonwealth), by JPMorgan Asset Management (Australia) Limited (ABN 55143832080) (AFSL 376919). For all other markets in APAC, to intended recipients only.
For U.S. only: If you are a person with a disability and need additional support in viewing the material, please call us at 1-800-343-1113 for assistance.
Copyright 2023 JPMorgan Chase & Co. All rights reserved.
For more information, please call or email us. You can also contact your J.P. Morgan representative.