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☆ The US is heading for a 'swamp' recession which could mire the economy in a disappointing and slow recovery
▼ + stars: | 2022-12-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Kelly told Insider the recovery may be considered "tepid" given it will be a "mild improvement in things." David Kelly, chief global strategist for JPMorgan Asset Management, called it a "'swamp' recession" in a note, suggesting the "economy would likely struggle to get out of" what is potentially a mild recession. It's like standing on the edge of a swamp," Kelly told Insider. "The problem this time around is two-fold," Kelly told Insider. In short, Kelly told Insider that a modest recovery from a shallow recession could be viewed as "tepid" as it will be a "mild improvement in things."

☆ Here are the 4 smartest places to put your money in 2023 after a nightmarish year, according to a fund manager at JPMorgan's $2.3 trillion asset management arm
▼ + stars: | 2022-12-08 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Portfolio manager Phil Camporeale of JPMorgan Asset Management sees a recession coming. One of the ugliest years on record for stocks and bonds has been unforgiving for the $3.4 billion JPMorgan Global Allocation Fund (GAOSX) that Camporeale co-manages. Risk-on bets stemmed from a belief that foreign stocks would roar back as the global economy reopened and interest rates rose. Heading into 2023, the global economy is on the brink of a recession and inflation remains an issue. What to expect in 2023 — and where to investInvestors should count on a mild recession next year as growth weakens while interest rates spike, Camporeale said.

☆ JPMorgan's Gabriela Santos breaks down potential investment strategies for 2023
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan's Gabriela Santos breaks down potential investment strategies for 2023Gabriela Santos, JPMorgan Asset Management global market strategist, joins CNBC's 'Squawk Box' to break down her market outlook ahead of the open. Santos also lays out her forecast for a potential U.S. recession in 2023 and what investors can do to prepare.

☆ Investors should be underweight equities and high-yield credit, says JPMorgan's Gabriela Santos
▼ + stars: | 2022-12-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be underweight equities and high-yield credit, says JPMorgan's Gabriela SantosGabriela Santos, JPMorgan Asset Management global market strategist, joins CNBC's 'Squawk Box' to break down her market outlook ahead of the open.

☆ Friday's jobs report showed some 'fraying around the margins,' says LinkedIn's Kimbrough
▼ + stars: | 2022-12-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFriday's jobs report showed some 'fraying around the margins,' says LinkedIn's KimbroughJack Manley, JPMorgan Asset Management, and Karin Kimbrough, LinkedIn chief economist, join 'Closing Bell' to discuss their take on Friday's jobs report, how the report will ultimately impact the markets and more.

☆ US stocks finish mixed amid fears of more Fed hawkishness after hot jobs report
▼ + stars: | 2022-12-02 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Dow reversed higher as the Fed is still largely expected to slow its pace of rate hikes. But the hot jobs data could push the Fed to tack on more rate hikes in early 2023, some analysts say. JPMorgan Asset Management chief strategist David Kelly said the jobs report was likely distorted, and there's still plenty of room for the Fed to taper rate hikes and pause in 2023. Principal Asset Management chief strategist Seema Shah said the jobs report could push the Fed to raise rates above 5%. "This report doesn't mean the risks of the Fed raising rates to 6% are back on the table.

☆ JPMorgan says 60/40 portfolio has best return environment in a decade
▼ + stars: | 2022-11-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan says 60/40 portfolio has best return environment in a decadeSylvia Sheng of JPMorgan Asset Management said the downturn in markets this year has slashed valuations, making them more attractive for long-term investors.

☆ Analysis: Investors warm to European corporate bonds after a brutal year
▼ + stars: | 2022-11-23 | by ( Harry Robertson | ) www.reuters.com time to read: +4 min

A net $3.62 billion flowed into BlackRock's exchange-traded products which track investment grade European corporate debt in the 30 days to November 17. This has buoyed government bond prices, pushing their yields down, and boosted riskier assets such as corporate bonds and stocks. The iBoxx euro corporate bond index (.IBBEU003D) has risen almost 4% since hitting an eight-year low in October, although it remains down 13% for the year. Goldman Sachs strategists recently told clients that one- to five-year European corporate bonds are "very attractive". They said they're more appealingly priced than U.S. corporate debt, with many investors overly pessimistic about the outlook for Europe's economy.

☆ This is the worst fixed-income year in the history of bonds, says JP Morgan's Phil Camporeale
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis is the worst fixed-income year in the history of bonds, says JP Morgan's Phil CamporealeLiz Ann Sonders, Charles Schwab chief investment strategist, and Phil Camporeale, JPMorgan Asset Management portfolio manager, join 'Squawk on the Street' to discuss assessing the terminal rate, fixed income versus equities, and financial conditions in 2023.

☆ Watch CNBC's full interview with Charles Schwab's Liz Ann Sonders and JP Morgan's Phil Camporeale
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Charles Schwab's Liz Ann Sonders and JP Morgan's Phil CamporealeLiz Ann Sonders, Charles Schwab chief investment strategist, and Phil Camporeale, JPMorgan Asset Management portfolio manager, join 'Squawk on the Street' to discuss assessing the terminal rate, fixed income versus equities, and financial conditions in 2023.

☆ The Fed has done long-term damage to the appeal of real estate as a financial asset, says the strategy chief at JPMorgan's asset management arm. He explains how this could also tip the economy closer
▼ + stars: | 2022-11-22 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

The housing market has cooled off in a hurry as mortgage rates hit new highs. The housing market has gone from white-hot to cooling fast, and it's not coming back any time soon. "The first genuine relief on mortgage rates may have to wait for the end of 2023 when the Fed may begin to take back some of its rate hikes," he said. Adding to the complications, the spread between Treasury bond rates and mortgage rates has increased, which creates another tiny barrier to affordability. That means even when sales have slowed further, it's not necessarily going to be easy to find bargains in the housing market.

☆ Stocks could fall by up to 10% in the short term and the big question facing investors in 2023 is how bad earnings will be, says JPMorgan strategist
▼ + stars: | 2022-11-21 | by ( Carla Mozée | ) www.businessinsider.com time to read: +3 min

Stocks look vulnerable to a short-term decline of up to 10%, a JPMorgan Asset Management strategist told Bloomberg. I don't really think it has legs," said global market strategist Jack Manley. I don't think it has a whole lot to stand on," Jack Manley, global market strategist at JPMorgan Asset Management, said in a Bloomberg TV interview. The S&P 500 has cut down its year-to-date loss but remains lower by 17%. For the fourth quarter of 2022, analysts cut per-share earning estimates for S&P 500 companies by 3.3% in aggregate during October, according to FactSet.

☆ How to play the bond market ahead of a recession, with JPMorgan's Bob Michele
▼ + stars: | 2022-11-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow to play the bond market ahead of a recession, with JPMorgan's Bob MicheleBob Michele, JPMorgan Asset Management global head, joins 'Closing Bell' to discuss raising the Fed funds rate above inflation, the cumulative and lag effects of monetary policy and where to look for high quality bond investments.

☆ There are signs of improvement on inflation, says JPMorgan's Meera Pandit
▼ + stars: | 2022-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere are signs of improvement on inflation, says JPMorgan's Meera PanditMeera Pandit, JPMorgan Asset Management global market strategist, joins 'Squawk Box' to discuss potential signs that inflation could be on the decline.

LONDON, Nov 15 (Reuters) - The moment of truth is almost here for Britain's new prime minister Rishi Sunak and finance minister Jeremy Hunt. British markets have regained some poise after the carnage triggered by September's fiscal statement, but as the UK slips into recession, the outlook is far from rosy. Here's a look at some of the likely winners and losers from Thursday's budget. "Domestic UK equities are being treated with caution by investors both domestically and internationally," he said. snapshotA CRUDE TARGETEnergy companies have reported bumper profits this year, thanks to soaring crude oil and gas prices.

☆ British government to usher in new era of austerity in effort to restore market confidence
▼ + stars: | 2022-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

We're going to see spending cuts," Hunt told the BBC on Sunday, while also promising the government would deliver a new and more focused plan to help with household energy bills beyond April. First, an increase in council tax with local authorities allowed to raise the level of council tax above 3% without a referendum," Raja said. "And second, an increase in both the duration and scale of the windfall tax on oil and gas 'excess profits'." Spending cuts, again executed via "stealth," could take the form of "nominal cash freezes to departmental budgets," Raja said, with spending budgets topped up minimally going forward. "If he wants to reassure the markets, he will have to announce early action in the form of a big fiscal tightening.

☆ JPMorgan predicts the best long-term 60/40 portfolio returns in more than a decade
▼ + stars: | 2022-11-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +1 min

There are good times ahead for the beleaguered 60/40 portfolio, according to a new report from JPMorgan. The 60/40 strategy, known as a balanced portfolio, has had a terrible year amid falling bond prices and stock market volatility. One measure of the portfolio's performance is the iShares Core Growth Allocation ETF , which has a target fixed allocation of 60/40. While inflation is still running hot, the firm expects it to subside over the next two years to reach 2.6%. "Margins will likely recede from today's levels but not reverse completely to their long-term average, and valuations present an attractive entry point," Bilton said.

☆ UK Finance Minister Hunt faces difficult call between economics and politics: JPMorgan's Gimber
▼ + stars: | 2022-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK Finance Minister Hunt faces difficult call between economics and politics: JPMorgan's GimberHugh Gimber, global market strategist at JPMorgan Asset Management, reacts to the U.K.'s third-quarter GDP contraction and discusses the outlook for monetary and fiscal policy in the country and around the world.

☆ It's looking more likely that any recession next year will be shallow and manageable
▼ + stars: | 2022-11-10 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

That's a slowdown from the year-over-year increase of 8.2% in September, and below the 8.0% increase economists surveyed by Bloomberg expected to see. And core CPI, which excludes volatile food and energy prices, saw a year-over-year increase of 6.3% in October, below September's year-over-year increase of 6.6%. This inflation data comes amid concerns of a looming recession, and debates on how bad of an economic downturn it will truly be. Any recession that comes will be mildAs Insider previously reported, a 2023 recession will look unlike any recession Americans have recently experienced, and the latest inflation data and strong jobs report bolster that sentiment. And looking forward, declining inflation levels are likely to shape the Fed's December decision on hiking interest rates.

☆ Interest rate hikes by U.S. Fed unlikely to end anytime soon, says JPMorgan
▼ + stars: | 2022-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rate hikes by U.S. Fed unlikely to end anytime soon, says JPMorganAlexander Treves of JPMorgan Asset Management says some clarity on the endpoint "would be welcome" but he doesn't think "we're anywhere near that at the moment" as inflation remains persistent.

☆ Here's how to invest to take advantage of the best outlook for long-term investors since 2010, according to JPMorgan Asset Management
▼ + stars: | 2022-11-09 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The forward outlook for investors is the best since 2010, according to JPMorgan Asset Management. This year is on pace to be the worst for stocks since 2008, but the long-term investing outlook is as promising as it's been since 2010, according to JPMorgan Asset Management (JPMAM). Both developments give long-term investors an attractive entry point. That's far lower than the 2.9% growth that the world saw from 2010 to 2020, according to JPMAM's 2021 report. How to invest for the long termInvestors should build long-term portfolios around three asset classes, according to JPMAM: stocks, bonds, and alternative assets.

☆ Why the Fed will likely cause an unnecessary recession even though rampant inflation is fading away, according to the chief global strategist for JPMorgan's investing arm
▼ + stars: | 2022-11-08 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

He sees clear signs inflation is fading and says the Fed could achieve a "soft landing." But Kelly tells Insider the Fed seems intent on more interest rate hikes instead. While inflation is the highest it's been in 40 years, Kelly says the Fed should be focused on a shorter timeframe. Last week, according to Kelly, the Fed acknowledged that its recent interest rate hikes were going to filter into the economy over time. That means that they'll remain, recession or no recession, making for a "slow growth, low inflation environment" that is supportive for stocks.

☆ Two things are driving U.S. dollar strength in the near term, says JPMorgan
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo things are driving U.S. dollar strength in the near term, says JPMorganTai Hui of JPMorgan Asset Management cites the U.S. Federal Reserve's hawkish stance and risk aversion as factors.

The latest data on jobs from the Bureau of Labor Statistics shows a still-robust labor market in the US. With inflation continuing to soar in the US, the Federal Reserve has moved aggressively to combat high prices by hiking interest rates. But on Friday, new data from the Bureau of Labor Statistics showed that the labor market continues to be strong. As Insider previously reported,the Fed's high interest rates would cause companies to slow their hiring plans, and therefore lead to smaller pay gains for workers. Looking ahead, all eyes are on the Fed's December meeting when it will announce its next round of interest rate hikes.

☆ Stability in a volatile market? Inside an S&P 500 ETF delivering double-digit percentage dividends
▼ + stars: | 2022-11-05 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Investors may want to consider JPMorgan's Equity Premium Income Fund ETF in order to get more reliable gains in the current volatile market environment. According to the firm, the ETF uses S&P 500 options and proprietary data to generate monthly income for investors. The goal is to provide investors with income even when market uncertainty is high. The JPMorgan Equity Premium Income Fund ETF is outperforming the S&P 500 year to date. The ETF is down almost 15% while the S&P is off about 21%.

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