A summary of the factors driving global markets over the last quarter.
The food fight between the President and the Fed Chair could result in too much easing, and the expansion of valuations beyond sustainable levels. The other food fight: leveraged loan issuers vs buyers. Issuers are winning this fight hands down due.
With volatility in FX markets close to all-time lows, we explore the rising risks that could see larger moves in currencies going forwards.
Modestly but steadily lower returns
Despite attractive valuations, emerging market equities have underperformed. Things are improving, but a headwind looms: monetary policy
JP Morgan's 2019 Long-Term Capital Market Assumptions
For emerging market fixed income investors, an issuing country's high inflation can lead to higher yields, compared to developed markets.
Michael discusses how short covering, rather than real money, has driven the fastest recovery on record following a bear market, and looks ahead at slowing earnings growth.
For the first time in 20 years, markets will have to survive without support from central banks.
The 2018 edition of J.P. Morgan Asset Management's Long-Term Capital Market Assumptions draws on the best thinking of our experienced investment professionals worldwide.