Investment Outlook 2022 | J.P. Morgan Asset Management

THE U.S. AND GLOBAL ECONOMY

U.S. ECONOMY

Inflation has soared over the past year due in part to strong demand and in part to supply chain difficulties due to the disruptive effects of the pandemic. These problems are being extended in 2022 due to the COVID-19 situation in China and Russia’s invasion of Ukraine.

INTERNATIONAL ECONOMY

As the year began, the global economy had solid momentum, with even brighter prospects due to expectations of both a surge in services activity as pandemic restrictions were lifted and a rebuilding of inventories as supply chain stresses slowly improved.

U.S. EQUITIES

Markets have been under pressure to start the year as elevated inflation, a more hawkish Federal Reserve, slower growth and geopolitical tensions have all weighed on both valuations and investor sentiment.

FIXED INCOME

The hawkish pivot from the Federal Reserve (Fed) has sent shock waves through the bond market and interest rate volatility has spiked higher as result.

INTERNATIONAL MARKETS

2022 was expected to be a strong year for international equities, driven by solid (albeit more modest) earnings growth and reasonable valuations that left room for multiple expansion.

ALTERNATIVES

The first quarter of the year saw stocks and bonds sell off in lock-step, as fears of inflation and a hawkish pivot by the Fed sent yields higher and equity valuations lower.

ASSET ALLOCATION

As investors consider the rest of this year, it is clear that the backdrop for investing has changed from the beginning of 2022. Moreover, much is still uncertain, and investors face a wall of worries.

ESG

The crux of sustainable investing is assessing how durable companies are in the long run by identifying risks that traditional company analysis may not capture.

ELECTIONS

The midterm elections are less than six months away, and the prospects for Democrats to hold on to their majorities in Congress is slim.

Dr. David Kelly

Chief Global Strategist

15 years with J.P. Morgan

32 years in the Industry

David M. Lebovitz

Global Market Strategist

12 years with J.P. Morgan

14 years in the Industry

Jordan Jackson

Global Market Strategist

7 years with J.P. Morgan

7 years in the Industry

Gabriela Santos

Global Market Strategist

10 years with J.P. Morgan

13 years in the Industry

Jack Manley

Global Market Strategist

10 years with J.P. Morgan

10 years in the Industry

Meera Pandit

Global Market Strategist

11 years with J.P. Morgan

11 years in the Industry

Dr. David Kelly

Chief Global Strategist

David M. Lebovitz

Global Market Strategist

Jordan Jackson

Global Market Strategist

Gabriela Santos

Global Market Strategist

Jack Manley

Global Market Strategist

Meera Pandit

Global Market Strategist

Investment Vehicles

Investment Options

Capabilities & Solutions

Market Insights

Portfolio Insights

Retirement Insights

THE U.S. AND GLOBAL ECONOMY

U.S. ECONOMY

INTERNATIONAL ECONOMY

ASSET CLASSES

U.S. EQUITIES

FIXED INCOME

INTERNATIONAL MARKETS

ALTERNATIVES

INVESTING THEMES

ASSET ALLOCATION

ESG

ELECTIONS

Dr. David Kelly

David M. Lebovitz

Jordan Jackson

Gabriela Santos

Jack Manley

Meera Pandit

Dr. David Kelly

David M. Lebovitz

Jordan Jackson

Gabriela Santos

Jack Manley

Meera Pandit

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