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            Economic & Market Update

            <p>The 4Q Economic and Market Update, presented by Dr. David Kelly, highlights the major themes and concerns impacting investors and their clients, using just 12 Guide slides.</p>

              1. Institutional Investor Home
              2. Insights
            1. Market Insights
            2. Guide to the Markets

            Economic & Market Update: Using the Guide to the Markets to explain the investment environment

            Slide17
            Slide18
            Slide7
            Slide20
            Slide31
            Source: BLS, FactSet, J.P. Morgan Asset Management.
            Slide50
            Slide21
            Slide32
            Slide9
            Slide45
            Slide58
            Slide63