Skip to main content
logo
  • Investment Strategies

    Investment Options

    • Alternatives
    • Beta Strategies
    • Equities
    • Fixed Income
    • Global Liquidity
    • Multi-Asset Solutions

    Capabilities & Solutions

    • ETFs
    • Pension Strategy & Analytics
    • Global Insurance Solutions
    • Outsourced CIO
    • Sustainable Investing
  • Insights

    Market Insights

    • Market Insights Overview
    • Eye on the Market
    • Guide to the Markets
    • Guide to Alternatives
    • Market Updates
    • Guide to China

    Portfolio Insights

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

    Retirement Insights

    • Retirement Insights Overview
    • Essential Elements of a Sound Retirement System
    • Building Better Retirement Portfolios
  • Resources
    • Center for Investment Excellence Podcasts
    • Insights App
    • Library
    • Webcasts
    • Multimedia
    • NEW Morgan Institutional
  • About us
  • Contact Us
  • English
  • Role
  • Country
  • Morgan Institutional
    Search
    Search
    Menu
    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
    1. Insights

    • LinkedIn Twitter Facebook Line
    • Markets
    • Portfolios
    Hero Banner

    Insights to empower better decisions

    Tools and resources necessary to help make informed investment decisions and build stronger portfolios

    Weekly Market Recap
    New Asia Pacific 03 - 21 - 2022
    Download

    Our flagship Insights

    n/a

    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
    ltcma

    Long-Term Capital Market Assumptions

    Discover J.P. Morgan's Long-Term Capital Market Assumptions, drawing on the best thinking of our experienced investment professionals worldwide.

    Read more
    gta

    Guide to Alternatives

    Get insights on macro topics such as manager dispersion, while also diving into real estate, private credit, private equity and hedge funds and more.

    Read more

    Market Commentary

    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.

    Read more

    Is 2% still the magic number for central banks?

    This paper, written by Kerry Craig, discusses the Fed's 2% inflation target and our expectations of the inflation trajectory.

    Read more

    A weaker U.S. dollar should support EM and Asian assets

    This paper, written by Tai Hui, addresses the outlook for U.S. dollar and the key factors driving its performance with investment implications.

    Read more

    The impact of higher interest rates on housing and consumers

    Learn whether rising interest rates could cause a housing market crash and what it means for consumers.

    Read more

    China NPC preview

    This paper, written by Chaoping Zhu, provides the preview of the National People's Congress annual session and its investment implications. (3-minute read)

    Read more

    The path ahead for Japan’s monetary policy

    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.​

    Read more

    Navigating rates and growth uncertainty within fixed income

    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)

    Read more

    4Q22 U.S. Earnings: The calm before the storm?

    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)

    Read more

    Disagreement between the Fed and investors could bring more volatility

    This paper, written by Tai Hui, discusses U.S. growth and inflation, as well as expectations of the Fed's upcoming rate decisions.

    Read more

    The spillover effects of China’s reopening

    This paper, written by Marcella Chow, Adrian Tong and Jennifer Qiu, discusses the impact of China’s reopening on tourism, trade and inflation.

    Read more

    Marking the bottom of the Chinese economic cycle

    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)

    Read more

    A policy party to end 2022

    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.

    Read more

    China market: buoyant market sentiment along a bumpy road to recovery

    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.

    Read more

    All eyes on U.S. consumers this holiday season

    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.

    Read more

    Just how bad (or good) is economic growth?

    The prevailing economic resiliency coincides with softening inflation, which gives the Federal Reserve an opportune window of slowing inflation but solid growth to tighten monetary policy to an appropriately restrictive stance and maintain that level for a period of time before growth starts to bite.

    Read more

    Gridlock means greater focus on inflation and the Fed

    This paper, written by Meera Pandit, Ian Hui and Adrian Tong, discusses the outlook for markets after the mid-term U.S. elections.

    Read more

    What is the outlook for long-term returns?

    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.

    Read more

    A glimpse of hope for U.S. and China equities?

    This paper, written by Tai Hui, discusses the outlook for U.S. and China equities after recent economic and policy news. (3-minute read)

    Read more

    Key events to watch out for to gauge China’s policy pivot

    This paper, written by Chaoping Zhu, discusses the outlook for China’s policy pivot and the investment implications.

    Read more

    Opportunities within fixed income: A trick or a treat?

    This paper, written by Ian Hui and Adrian Tong, discusses the outlook for fixed income and the investment implications.

    Read more

    The advantage of high dividend stocks in a stagflationary environment

    Explore how dividend paying stocks can help build portfolio resilience against the prospects of high inflation and recession.

    Read more

    Politics and policy: The U.S. midterm elections

    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)

    Read more

    What should investors expect for 3Q22 earnings?

    The third quarter earnings season is set to kick-off with the large U.S. banks releasing results. Our current estimate for 3Q22 S&P 500 operating earnings per share (EPS) is $53.82, representing year-over-year (y/y) growth of 3.5% and quarter-over-quarter (q/q) growth of 14.8%.

    Read more

    Are European assets cheap enough?

    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)

    Read more

    After robust job gains, is the labor market coming into balance?

    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.

    Read more

    Why cash is not king

    This paper, written by Clara Cheong, discusses why investors should stay invested through an income approach. (3-minute read)

    Read more

    The challenge facing UK policymakers to stabilize sterling markets

    This paper discusses the current uncertainties surrounding the UK government and economy, as well as market movements and outlook. (3-minute read)

    Read more

    A strong U.S. dollar and impact on Asian currencies

    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)

    Read more

    Catalysts for growth style outperformance

    This paper, written by Clara Cheong, discusses the current outlook of growth stocks and its investment implications. (3-minute read)

    Read more

    The pros and cons of U.S. high yield corporate bonds

    This paper, written by Tai Hui, discusses the outlook of the U.S. high yield corporate bonds and its investment implications. (3-minute read)

    Read more

    Is it a bad idea to invest in EM equities during a Fed rate hike cycle?

    This paper, written by Gabriela Santos and Anjali Balani, discusses the current outlook for EM equities and its investment implications.

    Read more

    Fed policy outlook after Jackson Hole

    This paper, written by Tai Hui, summarizes the key takeaways from the Jackson Hole meeting and its investment implications. (3-minute read)

    Read more

    How will the Inflation Reduction Act impact the economy?

    This week, the Inflation Reduction Act (IRA), a legislative package that includes climate spending, prescription drug pricing reform, and tax reform, was signed into law. The IRA represents a meaningful commitment to climate goals and should reduce the deficit over the next decade but is unlikely to reduce inflation and will weigh on 2023 profits.

    Read more

    U.S. 2Q22 earnings update: Where have all the earnings gone?

    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)

    Read more

    Will global central banks’ fight against inflation lead to a global recession?

    The broad takeaway is that economic conditions are softening globally, and aggressive central bank tightening is contributing to it. The global economy could avoid a recession if a stronger recovery emanates from China in the second half of 2022, and a soft landing is achieved in regions like the U.S. and Europe, however, that outcome looks increasingly challenging.

    Read more

    The outlook for Asian electronics and internet platforms

    This paper, written by Tai Hui, discusses the current situation and development of Asian technology sector with investment implications. (4-minute read)

    Read more

    Achieving net zero: The path to a carbon-neutral world

    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.

    Read more

    The 60/40 Reloaded

    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)

    Read more

    Is an earnings recession in the U.S. imminent?

    ​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)

    Read more

    China’s economy: a gradual recovery in 2H 2022

    ​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)

    Read more

    Is there a role for private real estate in my portfolio?

    What has not come into question is whether investors will need alternative sources of income and diversification. As such, it seems increasingly likely that private real estate will be part of the broader investment conversation in the years to come.

    Read more

    Investors should not lose sight on sustainability as a long-term investment theme

    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)

    Read more

    A few thoughts on fixed income

    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)

    Read more

    How are higher rates impacting private markets?

    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)

    Read more

    Gauging U.S. economic recession risk

    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)

    Read more

    What should I know about quantitative tightening?

    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.

    Read more

    Rising inflation in Asia and central banks’ response

    This paper, written by Tai Hui, discusses inflation and central bank policy in Asia, and its investment implications. (4-minute read)

    Read more

    China stimulus measures: what have been introduced and what is the next key catalyst

    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)

    Read more

    Should I time the bottom in today’s market?

    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.

    Read more

    Are bonds attractive?

    The spike in yields through the first five months of this year has led to some very ugly returns in fixed income.

    Read more

    1Q22 U.S. earnings and current market volatility

    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)

    Read more

    Are we in or headed towards a recession?

    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.

    Read more

    How do investors navigate market volatility?

    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.

    Read more

    Looking beyond the recent volatility

    This paper, written by Marcella Chow and Adrian Tong, addresses the current volatility in global equity markets and its investment implications. (4-minute read)

    Read more

    When will Chinese supply chain pressures ease?

    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)

    Read more

    Pressure on the yen and the yuan

    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)

    Read more

    Growth pressure and policy easing in China

    This paper, written by Chaoping Zhu, discusses the weakened Chinese economic data in March, and the subsequent policy and investment implications. (4-minute read)

    Read more

    Has the sell-off created an opportunity in growth stocks?

    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)

    Read more

    Should investors hedge the currency when investing in international equities?

    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.

    Read more

    Protecting against inflation: Part 3 – Protecting your capital

    Explore how investors can hedge against inflation to protect their capital in the next cycle with the help of alternatives and cyclical sectors.

    Read more

    Protecting against inflation: Part 2 – The labour market is key

    Today, there are more job openings than there are unemployed workers. Explore what impact a tight labour market could have on inflation in 2022.

    Read more

    Why and how to re-think the 60:40 portfolio

    The challenge of low government bond yields means investors must rethink the 60:40 stock:bond allocation. Discover where they can turn for diversification.

    Read more

    What are President Biden’s policy priorities?

    This paper, written by Tai Hui, discusses the implications of newly-elected President Biden's policies, such as those regarding COVID-19 and China.

    Read more

    Should investors worry about the recent rise in Treasury yield?

    This paper, written by Tai Hui, discusses the implications of rising Treasury yields on inflation, the U.S. dollar and overall economic recovery.

    Read more

    What are the implications of China's inclusion in the FTSE WGBI?

    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.

    Read more

    What are earnings forecasts telling us about the recovery?

    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.

    Read more

    Is the U.S. dollar weakness here to stay? What should investors do?

    This paper, written by Tai Hui, examines the recent decline of the U.S. dollar and its implications on global markets.

    Read more

    Could a second wave of outbreak derail economic recovery?

    A number of countries have seen a pick-up in new infections in recent weeks. Instead of derailing the global economy and forcing another dip in economic activities, the latest outbreaks are more likely to dampen and delay the global economy making a full recovery.

    Read more

    Could we see another round of fiscal stimulus in the U.S.? 

    China’s stock markets have been experiencing a strong rally since last week, and the upward momentum seems to be building further.

    Read more

    Is it Europe’s time to shine?

    Is it Europe’s time to shine?

    Read more

    Why should investors take a look at the Chinese fixed income market?

    June 2, 2020

    Read more

    Has all EM behaved the same way this year?

    Year-to-date, emerging market (EM) equities are down -17.6%, as a combination of the COVID-19 recession and the oil price shock has led to downward revisions to earnings expectations, as well as weaker currencies relative to the U.S. dollar.

    Read more

    Income hunting: If life was tough before, it’s even tougher now

    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.

    Read more

    What are the arguments for investors to stay invested in long-dated Treasuries?

    This paper, written by Tai Hui, provides an update on fixed income investment opportunities.

    Read more

    What can we expect from the National People’s Congress?

    This paper, written by Chaoping Zhu, provides a preview of China’s expected economic policies ahead of the National People’s Congress.

    Read more

    COVID-19 shows ESG matters more than ever

    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.

    Read more

    What are some of the long-term structural changes from the COVID-19 pandemic?

    This paper, written by Tai Hui, provides an analysis of the potential long-term investment implications from COVID-19.

    Read more

    Are U.S. equity valuations sustainable?

    April 28, 2020

    Read more

    Does a slowdown in new infections mean the worst is over?

    Investors are keenly monitoring the number of new infections around the world to gauge whether the COVID-19 outbreak is under control. 

    Read more

    The Great Glut: A historic supply and demand shock in the oil market

    Rising production and collapsing demand due to the COVID-19 pandemic is causing an unprecedented glut in the oil market. As a result, we are currently witnessing a pronounced supply and demand shock that has sent oil prices to a multi-year low.

    Read more

    How vulnerable are emerging markets?

    Spreads on emerging market (EM) bond yields have widened to levels not seen since the global financial crisis as concerns grow about the size of the economic downturn.

    Read more

    Can oil prices recover if there is a deal between OPEC and Russia?

    Oil prices collapsed in early March due to the price war between the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, and Russia

    Read more

    China set to advance stimulus efforts

    As governments around the world step up their fiscal packages to counter the economic fallout from the COVID-19 outbreak, the Chinese government is also following the same path.

    Read more

    A COVID-driven spike in claims

    Initial claims for unemployment insurance surged to the highest level ever: 3,283,000, spiking from a slightly revised 282,000 last week.

    Read more

    The COVID-19 Relief Bill-Holding the Economy in Suspended Animation

    This paper, written by Dr. David Kelly, reviews the U.S> relief bill and its investment implications.

    Read more

    What is the Fed doing and what does it mean for fixed income?

    The U.S. Federal Reserve (Fed) has pulled out its alphabet bazooka in an effort to ensure sufficient liquidity and the smooth functioning of financial markets, while also providing credit to businesses that are affected by the spread of COVID-19 and the stall in global economic activity.

    Read more

    The Fed’s aggressive actions to restore market stability

    In the past two weeks, the traditional negative correlation between equities and government bonds has broken down.

    Read more

    Will the Fed’s shock and awe work?

    The U.S. Federal Reserve (Fed) opted for another surprise rate cut this morning (March 16, Asia time), instead of waiting for the March 17-18 Federal Open Market Committee meeting.

    Read more

    What does the latest oil price collapse mean for investors?

    It is important to avoid trying to predict the future; rather, clients are best served by monitoring the present situation and maintaining composure.

    Read more

    How low can U.S. Treasury yields go?

    Worries about the spread of the COVID-19 virus continued to grip markets this week.

    Read more

    Equity markets fall into correction

    This paper, written by Tai Hui and Kerry Craig, addresses the latest equity markets’ correction and its investment implications.

    Read more

    Could the COVID-19 outbreak derail Asian economic growth?

    The good news is that the number of new confirmed COVID-19 cases in China is coming down and that more people are now recovering than getting infected.

    Read more

    What happens if the Fed tries to normalize its balance sheet again?

    The U.S. Federal Reserve (Fed) has become a dominant player in the bond market through successive rounds of quantitative easing (QE).February 19, 2020

    Read more

    Could we see more monetary easing by Asian central banks? 

    The economic fallout from the Coronavirus outbreak is expected to become more significant for the rest of Asia in the weeks ahead.

    Read more

    What can the Chinese authorities do to protect growth from the outbreak?

    China will also need to start addressing the economic fallout soon, as businesses face significant pressure from disruption to consumption.

    Read more

    Can China sustain its strong economic momentum?

    This paper, written by Chaoping Zhu, discusses the outlook on China following its recent economic data releases and fresh outbreak of COVID-19 infections.

    Read more

    Is the U.S.-China trade war over?

    Policymakers on both sides of the Pacific have emphasized that they view their work as incomplete and that several issues remain un-addressed.

    Read more

    Should investors still worry about US-China trade?

    The U.S. and Chinese governments gave markets an early Christmas present when they agreed to a partial trade deal. However, much will depend on the details.

    Read more

    Featured Portfolio Insights

    Global Asset Allocation Views 1Q 2023

    Expecting subtrend global growth and cooling inflation, we remain underweight equities and lean away from U.S. stocks In duration, we are neutral, with a preference for U.S. Treasuries. We upgrade credit to overweight, but specifically for investment grade.

    Learn more

    Factor Views 1Q 2023

    During one of the most challenging years for investors, equity factors, led by value and quality, continued to climb. A blend of factors hit a record high to close out the year.

    Learn more

    Global Equity Views 1Q 2023

    Our portfolio managers are becoming more optimistic. Profit forecasts are getting more realistic, so far earnings have held up well, and valuations look much more attractive than they did a year ago.

    Learn more

    Emerging Market Debt Quarterly Strategy report Q1 2023

    Our quarterly EMD strategy report assesses the latest economic developments in emerging markets and sets out our base case scenario for the asset class

    Learn more

    Global Fixed Income Views 2Q 2023

    Recession remains our base case, at 60% probability, as central bankers say they will fight inflation aggressively. We lowered Crisis to 5% and raised Sub Trend Growth to 35%, acknowledging the global economy’s resilience.

    Learn more
    J.P. Morgan Asset Management

    • About us
    • Investment stewardship
    • Privacy policy
    • Cookie policy
    • Binding corporate rules
    • Sitemap
    Opens LinkedIn site in new window
    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 2023 JPMorgan Chase & Co. All rights reserved.