How Will Rising Federal Debt Impact the Markets and the Economy?
Season 10 Episode 09
Deficit spending is not at all a new phenomenon in the United States. In fact, it is the norm, and the U.S. has run a budget deficit in 81 of the last 95 years, or 85% of the time since 1929. What is abnormal, however, is how large the pile of U.S. debt has grown relative to the broader economy. With the election quickly approaching, and last year’s debt ceiling and downgrade drama still fresh in investors’ minds, we often get asked, “How will rising federal debt impact the markets and the economy?”
Brandon Hall, Research Analyst, poses this question to Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.
Will Inflation Ever Get Back to 2%?
Season 10 Episode 08
Before 2021, the United States hadn’t seen a major bout of inflation for almost 40 years. And even when inflation peaked in June 2022, consensus estimates showed that most thought inflation would be almost back to 2% by the end of 2024. However, the journey to 2% has been more challenging than expected. This episode explores if inflation can get back to its 2% target, the potential obstacles, and whether inflation even needs to be 2%. To shed some light on the situation, Mary Park Durham, Research Associate, will be interviewing the usual host, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management,
How Long Before the Next Recession?
Season 10 Episode 07
Going into 2023, almost everyone was predicting a recession within the next 12 months. However, what we saw was quite the opposite: the U.S. economy grew at a 2.5% year-over-year pace, and the unemployment rate stayed below 4%. This positive momentum has continued into this year, although the economy is gradually cooling.
This robust economic performance has been puzzling because many of the typical recession indicators have been flashing red for a while. This raises the question: how long can the U.S. continue to avoid a recession, and if one were to occur, what would likely trigger it?
To help us dive deeper into this question, Mary Park Durham will be interviewing the usual host, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.
When Will the Federal Reserve Begin Cutting Rates?
Season 10 Episode 06
After the Federal Reserve’s dovish pivot in December, many investors came into this year expecting multiple rate cuts. In fact, in early January, markets were pricing in over six full cuts in 2024 alone. Since then, sticky inflation has caused the Federal Reserve to reassert its hawkish tone, and the outlook for the economy, inflation, and monetary policy has become increasingly uncertain. As a result of this, investors often ask us “When will the Federal Reserve begin cutting rates?”
To dive deeper into this question, Brandon Hall, Research Analyst, will be interviewing the regular host of the show, Dr. David Kelly, Chief Global Strategist for J.P. Morgan Asset Management.
How Will AI Reshape the U.S. Economy and Investment Opportunities?
Season 10 Episode 05
Excitement around artificial intelligence has been a key driver behind strong market performance over the past year. This makes sense, as it has potential to be one of the most transformative technologies in modern history. That said, widespread AI implementation is still in its early stages, and its broader implications for the economy and investing remain unknown. This has left many investors wondering, “How will AI shape the markets and the economy?”
To help answer this question, Dr. David Kelly is joined by Joe Wilson, Portfolio Manager, for a discussion on artificial intelligence and its potential impacts on the economy and markets.
How Can You Minimize Taxes in Your Investment Strategy?
Season 10 Episode 04
As technology has improved, so has market efficiency, and generating alpha through active management is as challenging a task as ever. In light of this, “tax alpha,” or creating value through tax management strategies, has grown in importance and popularity and has left investors asking, “How can I minimize taxes in my investment strategy?”
For today’s episode, Dr. David Kelly is joined by Jack Manley, Global Market Strategist for J.P. Morgan Asset Management, to discuss the outlook for taxes, and how investors can minimize their tax burden.
How Do Different Generations Invest – and How Should They?
Season 10 Episode 03
From Baby Boomers to Generation Z, each generation has faced its own unique set of investment challenges and opportunities during their lifetimes. While the bulk of wealth in the U.S. belongs to older generations, wealth amongst younger generations is growing rapidly, and they represent an increasingly important piece of the investment pie. As advisors prepare for the next generation of investors, the question of “how do, and how should, different generations invest?” has been top of mind. To help answer this question, Dr. David Kelly is joined by Jack Manley, Global Market Strategist for J.P. Morgan Asset Management.
Why Add International Stocks to a Portfolio?
Season 10 Episode 02
A long cycle of U.S. equity outperformance over international equities has left investors wondering, “Why add international stocks to a portfolio?” However, as the global economy has turned a corner, so have prospects for international equities, and many international markets have performed well in 2024 so far. On this episode, Dr. David Kelly is joined by Gabriela Santos, Chief Market Strategist for the Americas here at J.P. Morgan Asset Management, to share her views on the benefits of allocating internationally.
How Should I Invest?
Season 10 Episode 01
Most of this season is devoted to questions investors ask us about where to invest. However, given an increased focus on building tax-efficient, transparent, and flexible portfolios, we are also often asked: “How should I invest?” While traditional investment vehicles have made it difficult to reach all these objectives simultaneously, the emergence of actively managed ETFs are helping to reshape the investment landscape as we know it. For today’s episode, Dr. David Kelly is joined by Jon Maier, Chief ETF Strategist at J.P. Morgan Asset Management, to help us learn more about the history of active ETFs, and how they can be used to build stronger portfolios.
The Alternative Advantage
Season 09 Episode 05
This episode concludes the ninth season of Insights Now and marks the end of our deep dive into the world of alternatives. As investors continue to face elevated valuations across equities and abnormal interest rate volatility, the case for investing outside of traditional markets is as strong as ever. Dr. David Kelly is joined by Anton Pil, the Global Head of Alternatives at J.P. Morgan Asset Management. Anton sits in a very unique seat, as he oversees our entire alternatives platform, Tune in to hear how he views the balance of risks and opportunities across the asset class.
