Investment Outlook

THE U.S. AND GLOBAL ECONOMY

U.S. ECONOMY

With strong wage growth, high inflation expectations and the lagged effect of higher home prices on rents, we expect inflation as measured by the core consumption deflator to remain solidly above 2% by the end of 2023.

INTERNATIONAL ECONOMY

2022 looks to be a second consecutive year of above-trend growth for the international economy, but with a key difference versus this year: more coordinated acceleration of momentum across sectors and regions.

U.S. EQUITIES

A balanced approach to equity investing that is focused on earnings seems to be the optimal strategy in an environment of continued uncertainty.

FIXED INCOME

As pandemic conditions recede globally, we are likely to move past peak monetary policy accommodation as developed market central banks respond to persistent above-trend inflation and a more synchronized rebound in global growth next year.

INTERNATIONAL MARKETS

2022 should be a strong year for international equity market performance across regions, driven by solid fundamentals and reasonable valuations.

ALTERNATIVES

Alternative assets and investment strategies continue to transition from optional to essential.

ASSET ALLOCATION

As investors look into next year, it has become clear that while the backdrop has changed considerably from the early innings of 2020, there still exists great uncertainty.

ESG

Investor appetite for ESG investing has continued to grow, with roughly one-fifth of net new flows in the U.S. going into sustainable strategies in 2021.

Dr. David Kelly

Chief Global Strategist

15 years with J.P. Morgan

32 years in the Industry

David 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 Lebovitz

Global Market Strategist

Jordan Jackson

Global Market Strategist

Gabriela Santos

Global Market Strategist

Jack Manley

Global Market Strategist

Meera Pandit

Global Market Strategist

Funds

Solutions

Liquidity Insights

Market Insights

Portfolio 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

Dr. David Kelly

David Lebovitz

Jordan Jackson

Gabriela Santos

Jack Manley

Meera Pandit

Dr. David Kelly

David Lebovitz

Jordan Jackson

Gabriela Santos

Jack Manley

Meera Pandit

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