J.P. Morgan Asset Management – Risks & disclosures
Cover page
U.S.1Q 2025As of February 28, 2025
Guide to the Markets
Access timely insights to help you and your board make informed investment decisions.
Global Market Insights Strategy team
Page reference
S&P 500 index at inflection points
S&P 500 valuation measures
P/E ratios and equity returns
Sources of earnings growth and profit margins
Earnings, buybacks and dividends by sector
Value vs. Growth: Valuations and interest rates
Value vs. Growth: Cash, R&D and capex
S&P 500: Index concentration, valuations and earnings
Magnificent 7 performance and earnings dynamics
Small cap, mid-caps and large caps
Returns and valuations by style
Returns and valuations by sector
Annual returns and intra-year declines
Components of GDP growth
Consumer finances
Consumer spending and saving
Consumer confidence and the stock market
Tech-driven capital spending
Federal finances
Unemployment and wages
Labor demand
Labor supply
Inflation
Inflation components
Oil markets
Electricity consumption
Dollar drivers
Tariffs on U.S. imports
The Fed and interest rates
The Federal Reserve balance sheet
Interest rates and inflation
Fixed income market dynamics
Yield curve
Credit market dynamics
Fixed income yields
Global fixed income
Municipal finance
Bloomberg U.S. Agg. annual returns and intra-year declines
Fixed income yields and forward returns
Global equity markets
Global equity return composition
International valuations
Global equity earnings and valuations
Interest rates and international developed markets
Global market performance and concentration
International market secular themes and trends
Global economic activity momentum
Global trade patterns
Global technology supply chains
Correlations and volatility
Alternatives: Correlations, returns and yields
Sources of global infrastructure returns
U.S. REITs and direct real estate
U.S. public equity trends
Alternatives and manager selection
Asset class returns
Valuations monitor
Single-stock volatility and equity market returns
Investing at all-time highs
Time, diversification and the volatility of returns
60/40 portfolio drift
Manager dispersion
CD rates and other investment opportunities
Market returns around the start of Fed cutting cycles
Consumer confidence by political affiliation
J.P. Morgan Asset Management – Index definitions
J.P. Morgan Asset Management – Index definitions & disclosures
J.P. Morgan Asset Management – Risks & disclosures
Cover page
U.S.1Q 2025As of February 28, 2025
Guide to the Markets
Access timely insights to help you and your board make informed investment decisions.
Global Market Insights Strategy team
Page reference
S&P 500 index at inflection points
S&P 500 valuation measures
P/E ratios and equity returns
Sources of earnings growth and profit margins
Earnings, buybacks and dividends by sector
Value vs. Growth: Valuations and interest rates
Value vs. Growth: Cash, R&D and capex
S&P 500: Index concentration, valuations and earnings
Magnificent 7 performance and earnings dynamics
Small cap, mid-caps and large caps
Returns and valuations by style
Returns and valuations by sector
Annual returns and intra-year declines
Components of GDP growth
Consumer finances
Consumer spending and saving
Consumer confidence and the stock market
Tech-driven capital spending
Federal finances
Unemployment and wages
Labor demand
Labor supply
Inflation
Inflation components
Oil markets
Electricity consumption
Dollar drivers
Tariffs on U.S. imports
The Fed and interest rates
The Federal Reserve balance sheet
Interest rates and inflation
Fixed income market dynamics
Yield curve
Credit market dynamics
Fixed income yields
Global fixed income
Municipal finance
Bloomberg U.S. Agg. annual returns and intra-year declines
Fixed income yields and forward returns
Global equity markets
Global equity return composition
International valuations
Global equity earnings and valuations
Interest rates and international developed markets
Global market performance and concentration
International market secular themes and trends
Global economic activity momentum
Global trade patterns
Global technology supply chains
Correlations and volatility
Alternatives: Correlations, returns and yields
Sources of global infrastructure returns
U.S. REITs and direct real estate
U.S. public equity trends
Alternatives and manager selection
Asset class returns
Valuations monitor
Single-stock volatility and equity market returns
Investing at all-time highs
Time, diversification and the volatility of returns
60/40 portfolio drift
Manager dispersion
CD rates and other investment opportunities
Market returns around the start of Fed cutting cycles
Consumer confidence by political affiliation
J.P. Morgan Asset Management – Index definitions
J.P. Morgan Asset Management – Index definitions & disclosures
J.P. Morgan Asset Management – Risks & disclosures
