The Alchemists

Deregulation, deportations, tariffs, tax cuts, cost cutting, crypto, oil & gas, medical freedom and Agency purges: What could possibly go wrong? Sections include the AI Golden Goose, the invisible nuclear renaissance, DOGE Quixote, the two China traps, Dr. Seuss goes to Europe, a crypto update and the 2025 Top Ten list.

Michael Cembalest

Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management

Published: 01-01-2025

Eye on the Market Outlook 2025 : The Alchemists

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      About Eye on the Market

      Michael Cembalest is the Chairman of Market and Investment Strategy at JP Morgan Asset Management.

      Since 2005, Michael has been the author of the Eye on the Market, which covers a wide range of topics across markets, investments, economics, politics, energy, municipal finance and more.

      Michael Cembalest

      Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management

      Published: 01-01-2025

      Eye on the Market Outlook 2025 : The Alchemists

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          About Eye on the Market

          Michael Cembalest is the Chairman of Market and Investment Strategy at JP Morgan Asset Management.

          Since 2005, Michael has been the author of the Eye on the Market, which covers a wide range of topics across markets, investments, economics, politics, energy, municipal finance and more.