J.P. Morgan Asset Management

A third of global exports, a quarter of global consumption, over a third of global savings – and five of the ten largest major equity markets. #Asia

Growth of housing units occupied by renters outpaced the growth of units occupied by owners, despite accounting for only a third of the housing stock #home

International equities deserve a second look, especially those in Asia, as attractive macro and microeconomic developments are unfolding. #strategy

Likely take an extraordinary change in the data to bring a June cut back on the table, but the Fed’s path thereafter is still to be determined. #Fed

Exit activity has been surprising as public equity markets repeatedly reach all-time highs this year, valuations rise, and earnings expectations improve.

Barring an unforeseen shock, gradually cooling consumption growth should allow for a soft landing. #economy #markets

In the aftermath of the attack, prices for both commodities modestly retreated – the barrage was largely unproductive. #Iran #markets

Over one-third of the world’s total volume, data in healthcare has historically been siloed and poorly organized, with over 80% unstructured. #data

Even during periods of tight spreads, credit performance has tended to be positive with annualized total returns averaging 2.6% for IG and 3.9% for HY.

The divergence in performance across assets, underscores the importance of diversification in a fundamentally uncertain world. #markets

Given already stretched valuations and unbridled enthusiasm for equities, can multiples continue to drive returns? #equity #markets

Given that markets spend about half the time within 5% of all-time highs, remaining on the sidelines can result in significant opportunity cost.

Since 1988, EM equities have delivered positive performance 24 months after the last Fed rate hike in four of the past five Fed rate cycles. #EM

Despite recent strong housing completions, homeowner and rental vacancy rates have hardly budged off their multi-decade lows. #strategists #homes

This chart shows consumer sentiment over the past 50 years and how much the S&P 500 gained or lost on average 12 months

As investors question the concentration risk in U.S. equities, Japan provides a good source of diversification in developed market equities. #Japan

A massive inter-generational wealth transfer, women are expected to control much of the $30 trillion in financial assets baby boomers will possess by 2030.

Over the past 50 years, there have been different regimes of U.S. vs. international outperformance, outperformance comes in waves

Continues to pursue its dual mandate of price stability and maximum employment, while maintaining its independence from politics. #markets

Therefore, pricing could be finding a floor in most sectors outside of office, presenting a compelling entry point. #RealEstate #markets

Europe and Japan, the return of inflation and positive interest rates is a game changer: earnings have improved as a result of higher end-consumer prices.

An equity investor who missed just the 10 best days since 2003 would have seen their annualized performance cut nearly in half. #markets

Active stock selection can maintain diversification while overweighting the best stocks, not necessarily the biggest. #strategy

Cut rates in 14 years without a recession and in 13 of those years or 93% of the time the market was positive and returned on average an impressive 15.6%.

After three tough years for Chinese equities, valuations incorporate a lot of cyclical and structural uncertainty and suggest a tactical rebound ahead.

Committee’s bias to reducing rates this year, however, the timing of the cuts will depend on how confident the committee is on achieving 2% inflation

A ripe environment for active management, investors still have plenty of reason to step out of cash and into risk this year. #strategy

Small caps are at attractive valuations, quality in large caps may be more beneficial in the year ahead, and mid-caps provide a compelling middle ground.

The number of tankers transiting through the Red Sea have fallen by more than half over the past six months, suggesting passages have already redirected.

For investors, should fundamentals remain solid we would expect the Fed to begin gradually reducing rates by the middle of this year. #Fed

Many investors wonder if they can tweak their existing exposures to be either more defensive against volatility or more opportunistic. #markets

We can control how we react to positive and negative surprises by having a measured approach to portfolios. #investing #markets

It is likely this significant increase in Treasury bond supply relative to estimates contributed to the move higher in bond yields this year. #markets

FOMC voted to leave the Federal funds rate unchanged at a target range of 5.25%-5.50% and strongly hinted it is finished hiking interest rates this cycle.

Dynamics in 2024 are likely to differ, come what may, alternative assets offer outcomes that clients reliably seek in portfolios. #markets

The dynamics in 2024 are likely to differ, come what may, alternative assets offer outcomes that clients reliably seek in portfolios. #alternatives

Falling net interest costs can assist decelerating input costs and wages in supporting stabilizing margins. #markets #interest

Performance in developed markets excluding the U.S. has been much less concentrated year-to-date: the top 10 companies in the index are up 13.7% #markets

The issue with technical analysis, however, is that while it can be very effective at predicting daily performance, it is less helpful. #strategy 

Investors should look toward attractively priced companies with strong balance sheets and resilient profits. #investors #markets

While many of the traditional sources of diversification have been challenged by market conditions, alternative investments can enhance diversification.

Reengaging actively managed fixed income will be critical for portfolios over the next market cycle. #income #bonds

Inflation could prompt another rate hike either in December or early next year, short-term bumps in a downward trending economy likely keep the Fed on hold

Jump in energy equities may seem like a temporary phenomenon, but a variety of economic factors could support the sector’s performance. #markets

The question for investors, however, is which measure of earnings has the highest correlation with stock market returns. #markets #investors

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