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Effective URL: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets/
Submission: On January 25 via api from CH — Scanned from DE
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1. GUIDE TO THE MARKETS
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INTRODUCTION
1-COVER PAGE
2-GLOBAL MARKET INSIGHTS STRATEGY TEAM
3-PAGE REFERENCE
INTRODUCTION
1-COVER PAGE
2-GLOBAL MARKET INSIGHTS STRATEGY TEAM
3-PAGE REFERENCE
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TABLE OF CONTENTS
* Introduction
1. 1Cover page
2. 2Global Market Insights Strategy Team
3. 3Page reference
* Equities
1. 4S&P 500 index at inflection points
2. 5S&P 500 valuation measures
3. 6P/E ratios and equity returns
4. 7Corporate profits and sources of total return
5. 8Sources of earnings per share growth
6. 9Profit margins and wages
7. 10Value vs. Growth
8. 11S&P 500: Index concentration, valuations and earnings
9. 12S&P 500: Valuation dispersion
10. 13Returns and valuations by style
11. 14Returns and valuations by sector
12. 15Factor performance
13. 16Annual returns and intra-year declines
14. 17Interest rates and equities
* Economy
1. 18Economic growth and the composition of GDP
2. 19COVID-19: Cases, fatalities and immunity
3. 20High frequency economic activity
4. 21Long-term drivers of economic growth
5. 22Federal finances
6. 23Consumer finances
7. 24Income inequality and financial asset appreciation
8. 25Labor demand
9. 26Unemployment and wages
10. 27Inflation
11. 28Dollar drivers
12. 29Oil markets
13. 30Global energy transition
* Fixed Income
1. 31The Fed and interest rates
2. 32The Federal Reserve balance sheet
3. 33Interest rates and inflation
4. 34Fixed income market dynamics
5. 35Yield curve
6. 36High yield bonds
7. 37Fixed income valuations
8. 38Corporate debt dynamics
9. 39Global monetary policy
10. 40Global fixed income
11. 41Emerging market debt
12. 42Fixed income sector returns
* International
1. 43Global equity markets
2. 44Currency and international equity returns
3. 45Cycles of U.S. equity outperformance
4. 46International valuations and dividend yields
5. 47International equity earnings and valuations
6. 48International markets
7. 49Global COVID-19 Vaccinations
8. 50Global supply chains and inflation
9. 51Global economic activity momentum
10. 52Global inflation
11. 53Emissions targets and global energy mix
12. 54The emergence of the EM middle class
13. 55China: Economic growth
14. 56Chinese equity and fixed income markets
* Alternatives
1. 57Correlations and volatility
2. 58Alternative sources of income and diversification
3. 59Private equity
4. 60Global commodities
* Investing Principles
1. 61Asset class returns
2. 62Market volume and investment flows
3. 63Time, diversification and the volatility of returns
4. 64Diversification and the average investor
5. 65Cash account returns
6. 66Equity market correlations and yields
7. 67Yield alternatives: Domestic and global
8. 68Institutional investor behavior
* Disclosures
1. 69J.P. Morgan Asset Management – Index definitions
2. 70J.P. Morgan Asset Management – Index definitions & disclosures
3. 71J.P. Morgan Asset Management – Risks & disclosures
* Introduction (3)
* Equities (14)
* Economy (13)
* Fixed Income (12)
* International (14)
* Alternatives (4)
* Investing Principles (8)
* Disclosures (3)
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COVER PAGE
Guide to the Markets
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SNAPSHOT OF THE ECONOMIC AND MARKET UPDATE FOR THE FIRST QUARTER OF 2022
01/01/2022
Dr. David Kelly, Chief Global Strategist, previews this quarter's themes and
invites you to watch the entire seminar.
ECONOMIC & MARKET UPDATE
Dr. David Kelly’s quarterly presentation using slides from the Guide to the
Markets.
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ON THE BENCH
Need more Guide to the Markets? Access an additional collection of Guide to the
Markets slides, updated on a quarterly basis.
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RELATED INSIGHTS
ON THE MINDS OF INVESTORS
Drawing on the depth and breadth of their market and economic expertise, our
global macro strategists offer insight into today's big investment themes to
enable more confident portfolio decisions.
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WEEKLY MARKET RECAP
A weekly one-page snapshot of market performance and the latest market
headlines.
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GUIDE TO ALTERNATIVES
Get insights on macro topics such as manager dispersion, while also diving into
real estate, private credit, private equity and hedge funds and more.
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EXPLORE FEATURED INSIGHTS
MARKET INSIGHTS
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PORTFOLIO INSIGHTS
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