J.P. Morgan Asset Management

Missing the best days can be costly, while avoiding the worst days can be beneficial. #markets #investing #investors

Put differently, better than expected economic data has forced investors to temper their expectations for Fed rate cuts next year. #markets

Will enter a recession or not, but we do believe slow growth is the most likely outcome, while risks for a mild recession remain. #recession

While investors may scrutinize the median dot plot, they should recognize that there are a wide range of views across committee members. #markets

investors may be well served by looking for any signs that tighter conditions are beginning to weigh on activity. #markets

What happens in China will continue to influence growth, sentiment, and performance in the broader EM universe. #China #EM

Looking ahead, recent softness in the labor market, coupled with a downward trend in inflation, should be enough to keep the Federal Reserve on hold.

Suggest that there is an evolving opportunity in the office space for investors who can deploy additional capital. #investors #office

India’s smaller share in global manufacturing exports and its lower dependence on the China reopening story helps to explain its strength. #India

A soft landing has risen given the generally strong incoming data, the concern is that most leading indicators continue to point to recession. #markets

Spreads have tightened year-to-date, the potential timing and magnitude of spread widening, and sectoral trends that suggest an active approach. #markets

International has not always sold off more. In some instances, it has performed in line or even better. #markets #US #world

While the Fed may need some more convincing over the next two meetings, it seems reasonable to expect this tightening cycle will end this year. #markets

The likely cause for declining oil prices is increased U.S. production, which is expected to reach an all-time high in 2023. #oil #USA #investing

It would not be surprising to see a more notable re-rating in valuations later this year or in early 2024. #investors #markets

The megacap tech stocks, which account for the lion’s share of positive market performance year-to-date, and everything else. #markets

Slower economic growth, higher interest rates and tightening credit conditions are likely to weigh on CapEx. #recession #markets

Office remains the weakest sector, as vacancy rates remain elevated, and firms struggle to fully exit remote working. #remote #alternative

Falling energy and electricity prices helped disinflation in headline CPI, which rose just 0.1% on the month. #inflation #markets

Proactively hedging portfolios from the chance that inflation is harder to tame than many currently expect. #strategy

Hawkish Fed expectations, and resilient economic data, the overall macro landscape is one of slowing growth and receding inflation. #rates

the market’s perception of the path for Federal Reserve policy seems a bit misguided. #markets #strategy

It has become increasingly necessary to have some assets outside of traditional 401ks and IRAs. #retirement #planning #medicare

Treasury Secretary Janet Yellen now expect the U.S. could run out of funding by early June due to smaller-than-expected April tax receipts. #debt #US

Anticipated policy decision, the Federal Open Market Committee FOMC voted to raise the Federal funds rate by 0.25% at its May meeting. #strategy

Many banks stepped away from riskier lending in the aftermath of 2008, creating an opportunity for private credit firms. #lending #risk

The announcement came roughly a year after President Biden signed an executive order tasking the Federal Reserve with looking into a CBDC. #crypto

Much of the stickiness that has been ascribed to core services may largely reflect the lingering hangover of supply chain issues. #strategy

Fed ponders its next step, investors should be mindful that the window of opportunity that has emerged in fixed income may slam shut quickly. #fixedincome

With a potential recession on the horizon and vulnerabilities in the financial system, investors ought to be selective. #bonds #income

Beginning of a turnaround given the change in the international growth and interest rate backdrop, together with a potential shift in market leadership.

There is an opportunity in retail services that will support further healing in the sector as the pandemic continues to fade. #realestate #commercial

Uncertainty remains about the cyclical path of U.S. policy and growth, the picture has gotten much clearer and more positive in China since late 2022.

By the second half of the year, growth is likely to slow as the cumulative effects of higher rates are felt and inflation moderates. #inflation #strategy

Several pro-growth changes occurred late last year that investors should not ignore. #China #investors #investments

The underlying components showed a more mixed inflation picture compared to the broad-based declines seen in prior months. #markets #inflation

The next decade is likely to be characterized by more normal inflation. As a result, not all recent central bank rate hikes will be unwound. #equity

Ongoing increases might suggest two more rate increases, we now expect the Fed to hike rates by 25 basis points at its March meeting and then pause. #rates

Looking ahead to 2023 we see slower growth, a gradual deceleration in inflation, and monetary policy that remains tight. #investments #alternatives

Debt ceiling risks, although certainly not our base case, could derail the bond market recovery and foment significant volatility if realized. #debt #bond

We think it’s appropriate to revisit positioning within bond allocations while recognizing there remains a healthy degree of uncertainty. #income

Long-term investors, buying the dips – in both stocks and bonds—could become attractive in 2023, and diversification could stage a comeback.

Relative to the last 20 years, volatility across equities, bonds, and currencies were higher than normal. #investors #markets #2022

Consumers have been able to resume more normal spending patterns as the pandemic has gradually faded. #consumers #spending #money

This report reflects welcome progress on both core goods and services ex-housing. #inflation #housing #markets

Outlook is still uncertain, less bad news helps to reduce uncertainty when a lot of negativity has already been priced into multiples and currencies.

This years’ stress test shows that large banks have sufficient capital to absorb losses and can continue lending to households and businesses. #banks

It is too early to call the bottom (or top) for these markets, and more than anything, investors should expect volatility through the next several months.

Markets offer the best potential long-term returns in more than a decade.

Diversify portfolios away from heavily concentrated positions in risky assets. #investing #markets #millennials