Insights Now
Insights Now is a podcast from J.P. Morgan in which thought leaders discuss major ideas, future trends, and emerging topics through a conversational format. Each episode examines the investment implications of these developments and offers key takeaways. The goal is to help listeners inform long-term investment plans and portfolios. It is aimed at people seeking clear, practical perspectives on markets and investing.
Episodes
2026 Mid-Year Outlook: Crosscurrents and Divergence Amidst an Increasing AI Surge
Season 16 Episode 10At the year’s midpoint, investors face a landscape shaped by surging AI investment, geopolitical uncertainty and diverging economic fortunes. The AI boom is powering exceptional growth in technology and semiconductors, while higher energy prices and global tensions add complexity to inflation and consumer sentiment. Shifting central bank policies and evolving global trends are
Alternative Realities: Absolute Return Strategies and Trouble in Private Credit?
Season 02 Episode 28With inflation expectations on the rise, volatility has returned, and stocks and bonds are increasingly moving together. This is driving interest in uncorrelated and absolute return strategies that can generate returns regardless of what’s happening with broader market beta or the economy.
On today’s episode, Aaron Mulvihill is joined by Bill Eigen, Head of the Absolute Return
Making Sense of Geopolitical Risk
Season 16 Episode 09Geopolitical volatility is reshaping the global economic landscape, influencing everything from energy markets and trade flows to technological innovation and security strategies. As events in Iran, Ukraine, and China drive profound shifts across markets, investors are challenged to adapt to a world where resilience and strategic foresight are more critical than ever. In this e
Saving Smarter for College
Season 16 Episode 08College costs have soared well beyond inflation, making education planning a critical challenge for families and advisors. With public and private tuition rising faster than household incomes, the conversation has shifted from simply saving to strategically investing for education. Choosing the right vehicle—like a 529 plan—can make a meaningful difference, offering tax-deferre
Alternative Realities: Investing in National Security
Season 02 Episode 27Last year, JPMorganChase announced the launch of the Security and Resiliency Initiative, a 10-year, $1.5 trillion plan to facilitate, finance, and invest in industries critical to national security. With an initial $10 billion in direct equity investments, the initiative aims to help select companies accelerate growth, drive innovation, and strengthen strategic manufacturing. I
Taking Stock of Today’s Markets
Season 16 Episode 07Amid fast-moving headlines and shifting market dynamics, it’s time to pause and take a fresh pulse on what matters most. From energy disruptions and inflation to the rise of AI and evolving consumer sentiment, today’s landscape calls for clarity and perspective. Explore the key forces shaping portfolios, uncover emerging opportunities, and rethink risk in a world where change i
Alternative Realities: How Will Portfolios Evolve with Inflation, Credit, and Innovation?
Season 02 Episode 26After a dynamic start to 2026, the alternative investment landscape is evolving rapidly. In this episode, Aaron Mulvihill sits down with Jed Laskowitz, Global Head of Private Markets and Customized Solutions, and Anton Pil, Head of Global Alternative Investment Solutions. Earlier this year, Jed and Anton shared their perspectives on the 2026 Alternative Investments Outlook, spo
Navigating Inflation, Private Credit, and Market Sentiment
Season 16 Episode 06Navigating today’s dynamic markets means staying ahead of shifting sentiment, evolving fundamentals, and global events that can shape investment strategies. From the impact of geopolitical conflicts on inflation and growth to the changing landscape of private credit and asset allocation, timely questions from clients reveal what’s top of mind for advisors and investors alike. I
Does Diversification Include Crypto?
Season 16 Episode 05
The rapid evolution of the crypto landscape is reshaping how investors approach diversification, risk, and opportunity. As digital assets like Bitcoin and Ether move from the fringes to the mainstream, their unique characteristics—decentralization, scarcity, and volatility—are prompting new conversations about portfolio construction. Regulatory milestones, such as the Genius A
Alternative Realities: What is the State of U.S. Infrastructure?
Season 02 Episode 25U.S. infrastructure is at a crossroads. As economies expand and technology reshapes the landscape, the demand for robust, modern networks has never been greater. From highways and bridges to power grids and water systems, the pressure to build, maintain, and upgrade is mounting, especially as artificial intelligence and data centers drive new requirements for energy and resourc
Are Millennials and Gen Z Priced Out?
Season 16 Episode 04
Millennials and Gen Z are navigating a financial landscape defined by rising costs, shifting job markets, and evolving expectations around wealth and opportunity. As affordability challenges intensify—especially in housing, education, and healthcare—these generations are rethinking how they spend, save, and invest. Their unique perspectives are reshaping consumer trends, fueli
Alternative Realities: Geopolitics, Private Credit and Portfolio Construction
Season 02 Episode 24Global markets are flooded with headlines, from shifting geopolitics to evolving economic landscapes and the rapid expansion of private markets. As investors navigate these dynamic times, understanding the broader context is more crucial than ever. In today’s episode, Aaron Mulvihill is joined by Kerry Craig, Global Market Strategist in APAC, and Aaron Hussein, Global Market St
Investing in AI Opportunities Across Markets: Part 2
Season 16 Episode 03
Artificial intelligence is rapidly transforming the investment landscape, prompting new questions about risk, opportunity, and the future of market leadership. As innovation accelerates and disruption becomes a constant, understanding how to navigate this evolving environment is more critical than ever. In this this special crossover episode between Insights Now and Alternati
Alternative Realities: What’s Next for Oil Prices?
Season 02 Episode 23
Energy markets are on edge as geopolitical risk meets shifting demand, elevating the importance of balance, quality, and discipline in portfolio construction. Markets are pricing a near term risk premium while longer-dated benchmarks remain steadier, yet timing matters as continued Strait of Hormuz disruptions can shift outcomes on a week-by-week basis.
Join Aaron Mulvihill,
Investing in AI Opportunities Across Markets: Part 1
Season 02 Episode 22
In this special crossover episode between Insights Now and Alternative Realities, we launch Part 1 of our “AI and Investing” series, diving into how AI is reshaping opportunities and risks beyond the public market headlines.
Aaron Mulvihill, Global Alternatives Strategist, is joined by Stephanie Aliaga, Global Market Strategist on the Market Insights team at J.P. Morgan Asset
Navigating the Equity Market Rotation
Season 16 Episode 02
Equity markets are shifting, with value and quality equities stepping into the spotlight and AI’s impact reaching far beyond technology. Small- and mid-cap names are drawing fresh attention, while international and emerging markets are finding new momentum. Changing consumer trends, evolving fiscal policy, and sector standouts in financials and healthcare are all shaping the l
Alternative Realities: How to Evaluate Private Credit Risks
Season 02 Episode 21
In today’s episode, Aaron Mulvihill, Global Alternatives Strategist, is joined by Brian Coleman, Co-Head of Investments for the Private Credit Solutions Group within J.P. Morgan Asset Management, to dive into private credit, an asset class that continues to be popular with investors due to its yield pick-up compared to traditional fixed income. However, private credit does not
What the New Fed Chair Could Mean for Markets
Season 16 Episode 01
Following the announcement of a new Fed chair, we explore the evolving landscape of monetary policy and its impact on markets. Our experts break down what a change at the top could mean for interest rates, inflation and the broader investment environment. The discussion covers the latest Fed meeting, the outlook for rate cuts and the influence of fiscal stimulus on consumer sp
Alternative Realities: What Trends Will Shape Alternatives in 2026?
Season 02 Episode 20
Alternative investments are taking center stage as we look ahead to 2026. With public and private markets converging and new opportunities emerging across asset classes, investors are rethinking how to build resilient portfolios for the long term. That’s why this episode of Alternative Realities brings together three of J.P. Morgan Asset Management’s leading voices: Aaron Mulv
Insights for the Future of Investing
Season 15 Episode 06
As the asset management landscape evolves, investors and advisors face new challenges and opportunities in building resilient portfolios. Discover the latest trends shaping the industry, from the resurgence of fixed income and the growing role of international equities to the increasing adoption of private market assets and active ETFs. In this episode, join Dr. David Kelly, C
Alternative Realities: The 2026 Long-Term Capital Market Assumptions: Challenges and Opportunities
Season 02 Episode 19
In this episode of Alternative Realities, Aaron Mulvihill is joined by David Lebovitz, Global Strategist on the Multi-Asset Solutions team at J.P. Morgan Asset Management. Together, they delve into J.P. Morgan’s Long Term Capital Market Assumptions (LTCMAs)—now marking their 30th annual publication. The LTCMAs serve as a cornerstone resource, providing return, volatility, and
2026 Outlook: AI Lift and Economic Drift
Season 15 Episode 05
Gain timely insights into the uncertainty and opportunity that define the investment landscape for 2026 in “AI Lift and Economic Drift.” This engaging discussion unpacks how resilient U.S. economic growth is set against a backdrop of powerful structural trends, including the transformative impact of artificial intelligence. Join Gabriela Santos, Chief Market Strategist for the
Alternative Realities: Unlocking the Future of Alternatives in Retirement Plans
Season 02 Episode 18
On this episode, Aaron Mulvihill is joined by Jared Gross, Head of Institutional Portfolio Strategy, who brings over 30 years of experience providing insights and solutions to institutional clients—including corporate and public pensions, endowments, and foundations—and Tina Anstett, ERISA Strategist, and an attorney with more than three decades of expertise in workplace retir
How Research Informs Investment Strategy
Season 15 Episode 04
In today’s rapidly evolving investment landscape, staying ahead means understanding how asset allocation strategies are adapting to new market realities. This episode of Insights Now explores the dynamic interplay between macroeconomic trends, policy shifts, and the growing importance of research in portfolio construction. Join Gabriela Santos, Chief Market Strategist for the
Alternative Realities: Stadiums, Teams and Private Equity in Sports
Season 02 Episode 17
Private equity’s footprint in the sports industry has expanded rapidly in recent years. As global team valuations reach unprecedented levels, the sector has become a focal point for both investors and fans, reshaping the broader investment landscape. On today’s episode, Aaron Mulvihill sits down with Tyler Jayroe, a portfolio manager with more than 20 years at J.P. Morgan Asse
Alternative Realities: Rethinking the 60/40 Portfolio
Season 02 Episode 16
In this episode, Aaron Mulvihill, Global Alternatives Strategist, is joined by Ashmi Mehrotra, Global Co-Head of J.P. Morgan Asset Management’s Private Equity Group, and Jeremy Beal, Head of Products and Advisory Solutions at Morgan Stanley Wealth Management. The discussion covers how access to alternative investments is expanding to more investors, current developments in pri
Quantitative Investing Explained
Season 15 Episode 03
In today’s rapidly evolving investment landscape, understanding how quantitative strategies are shaping asset management is more important than ever. In this episode, join Gabriela Santos, Chief Market Strategist for the Americas, as she sits down with Grace Koo, Co-Head of Risk Managed and Total Return Portfolios at J.P. Morgan Asset Management, to explore the dynamic world o
Alternative Realities: Private Credit Playbook
Season 02 Episode 15
On today's episode, Aaron Mulvihill, Global Alternatives Strategist, is joined by Stephen Dulake, Co-Head of Global Fundamental Research at JP Morgan. Together, they discuss private credit, an asset class that has attracted significant investor interest due to its higher yields compared to traditional fixed income. The conversation explores the factors driving growth in the pr
Rethinking Retirement Through Research
Season 15 Episode 02
Explore the evolving landscape of retirement investing in today’s shifting macroeconomic environment. Discover how retirement is not just a destination, but a dynamic journey shaped by individual needs, spending patterns, and regulatory changes. Gain valuable perspectives on the impact of recent policy changes, the increasing adoption of alternatives like real estate and priva
Alternative Realities: Allocate Smarter with Alternatives
Season 02 Episode 14
With new developments like shifting flows in hedge funds and private credit and the growing impact of AI on data centers, investors are navigating a rapidly changing landscape. On this episode, Aaron Mulvihill, Global Market Strategist, is interviewed by Grant Papa, Research Analyst, to answer the top questions clients are asking about allocating smarter with alternatives.
Tog
How Can Policy Power Portfolios?
Season 15 Episode 01
As fiscal, trade, and regulatory policies take center stage, adapting asset allocation strategies has never been more important. This episode explores how today’s policy shifts—from fiscal stimulus and rising tariffs to accelerated deregulation—are shaping market opportunities and risks. Our Multi-Asset Solutions team examines the short- and long-term impacts of recent legisla
Alternative Realities: Pearls of Investment Wisdom
Season 02 Episode 13
This episode delves into the dynamic world of hedge fund investing with Paul Zummo, Chief Investment Officer. Celebrating three decades of success, Paul and his team manage over $35 billion in hedge fund assets, catering to both institutional and high-net-worth clients. As the hedge fund landscape evolves, Paul shares insights into why volatility and abrupt policy changes are
Why Is Asset Allocation So Important?
Season 14 Episode 07
As economic and policy environments shift, understanding how tactical and strategic asset allocation can adapt is crucial for financial advisors and investors alike. Balancing long-term views with short-term market movements, our Multi-Asset Solutions team highlights the opportunities presented by volatility and dislocation. Discover how credit markets, particularly U.S. high
Alternative Realities: Hidden Opportunities in Private Markets
Season 02 Episode 12
J.P. Morgan's Private Bank offers expert guidance to assist affluent clients and their families in achieving their financial objectives. With a global oversight of more than $2.9 trillion in client assets, the bank boasts a legacy of over 200 years of operation.
On today’s episode, Aaron Mulvihill is joined by Sitara Sundar, Head of Alternative Investment Strategy & Market Int
What Bonds Fixed Income Research Strategies?
Season 14 Episode 06
Research analysts play a pivotal role in fixed income markets, where active management is crucial due to the vast array of issuers and securities. As economic policies evolve, fixed income research analysts navigate heightened volatility, especially in interest rates and credit spreads, underscoring the importance of strategic analysis. In this episode, Gabriela Santos, Chief
Alternative Realities: Real Estate’s New Reality
Season 02 Episode 11
Commercial real estate has undergone one of the most dramatic shifts in decades. The pandemic upended demand for office space, accelerated the impact of e-commerce on retail and created both turmoil and opportunity across the market. However, commercial real estate is not a single market, it is a mosaic of asset types, geographies and risk profiles.
On this episode, Aaron Mulv
How Secure is Securitized Debt?
Season 14 Episode 05
Securitized products have emerged as a compelling investment option in 2025, offering higher yields and diversification benefits compared to other fixed income sectors. As economic uncertainties loom, these products provide investors with the opportunity to make targeted bets on specific market segments, such as the housing market or consumer health. Despite its potential, the
Taking a Pulse on Healthcare
Season 14 Episode 04
High-yield investments in the healthcare sector have been navigating a complex landscape in 2025. Healthcare remains a focal point for policy changes, impacting both equity and credit markets. The healthcare high-yield space offers unique opportunities, with issuers often skewing toward provider-based companies like hospital operators and specialized pharmaceutical firms. Howe
Alternative Realities: Shipping’s Geopolitical Hedge
Season 02 Episode 10
This year has seen significant disruption in trade, driven by tariffs and policy uncertainty. Countries and businesses are navigating these challenges in real time to keep the flow of trade moving smoothly. On this episode, Aaron Mulvihill is joined by Andy Dacy, Head of the Global Transportation Group at J.P. Morgan Asset Management. Together, they explore how the current tra
What’s Behind Muni Moves?
Season 14 Episode 03
Municipal bonds have struggled so far in 2025 as increased issuance and elevated volatility have weighed on prices. However, with risks to the current economic expansion rising, the case for munis has only grown more compelling. But, the sector is not without its challenges. Federal spending cuts, tariffs, and restrictive immigration policies could disrupt activity across muni
Alternative Realities: Growth Equity’s New Frontier
Season 02 Episode 09
With economic uncertainty slowing exits and borrowing costs remaining high, investors are becoming more selective in their targets. Meanwhile, groundbreaking advancements in AI and other technologies are driving compelling growth stories, yet those not involved in the startup and growth phases risk missing out on significant value creation before these companies hit the stock
Uncovering Opportunities in Emerging Market Debt
Season 14 Episode 02
In the world of fixed-income markets, investors are constantly navigating through a landscape marked by shifting economic dynamics and global diversification trends. As emerging market debt gains traction amid recent policy changes and currency fluctuations, the allure of higher yields and diversification opportunities becomes increasingly compelling. In this episode of Insigh
Alternative Realities: From Europe to Asia: Trends in Alternative Investments
Season 02 Episode 08
Over the last two decades, the alternative investment industry has undergone significant changes globally as investors at all levels increasingly seek the unique returns and diversification benefits these assets offer within their portfolios. With the growing popularity of alternative investments, there's an increasing need for thought leadership to guide investors through the
Treasuries, Trends and Tactics
Season 14 Episode 01
The Federal Reserve finds itself caught between signs of slowing economic momentum and the unpredictable impacts of tariffs. This environment has intensified concerns over foreign demand for U.S. debt, prompting investors to seek diversification strategies for their U.S. Treasury exposure. In the 14th season of Insights Now, we move up in the capital stack, diving deeper into
Alternative Realities: Managing Market Volatility with Alternative Investments
Season 02 Episode 07
It has been a busy and volatile month in the markets, one that certainly reminded us of the value of being diversified across public as well as private markets. Alternative investments have historically been limited to institutions like pension funds and insurance companies, due to high investment minimums and a high level of complexity. But that’s changing, with more investm
Equity Research Insights: Key Analyst Takeaways and Top Investor Questions
Season 13 Episode 07
In our thirteenth season of Insights Now, we delved into the research that informed our portfolio managers' investment strategies. Gabriela Santos engaged in insightful discussions with top-tier buy-side equity research analysts from J.P. Morgan Asset Management, covering a diverse array of sectors such as semiconductors, payments and fintech, industrials, utilities, healthcar
Alternative Realities: The Future of Private Credit Investing
Season 02 Episode 06
In this episode of Alternative Realities, we explore the dynamic world of private credit with Aaron Mulvihill, Global Market Strategist at J.P. Morgan Asset Management, and Lynnette Ferguson, Global Co-Head of Investment Specialists for J.P. Morgan Alternative Asset Management, as they discuss the significant growth of private credit over the past decade and its role as a com
Forecasting the Future of Financials
Season 13 Episode 06
Financials, the second-largest sector in the S&P 500, has had its fair share of ups and downs in recent years. Financial deregulation is now top of mind, with the Trump administration recently naming “regulatory dove” Michelle Bowman as the Federal Reserve’s next Vice Chair of Supervision. Prospects for increased deregulation, in addition to trends in consumer spending, will b
Alternative Realities: Tech-Driven Alternative Investment
Season 02 Episode 05
In this episode of Alternative Realities, we delve into the transformative landscape of venture and growth equity investing with a focus on technology and healthcare. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Patrick McGoldrick, Managing Partner of J.P. Morgan Private Capital, to discuss the evolution and current landscape of ventu
A Healthier Outlook for Healthcare
Season 13 Episode 05
As the world emerged from the pandemic, healthcare companies encountered several challenges, including declining COVID-19-related revenues, increased R&D expenses, and rising labor costs, all of which impacted earnings. Although the sector began to recover from its prolonged earnings slump in 2024, performance remained sluggish. The sector is at the epicenter of transformatio
Alternative Realities: Opportunities in Global Forestry and Timber
Season 02 Episode 04
In this episode of Alternative Realities, we explore the world of timber as an alternative investment asset class. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Angela Davis, President of Campbell Global, a subsidiary of J.P. Morgan Asset Management, to explore the unique benefits and opportunities timber offers to investors. Join us a
Key Themes Powering Utilities
Season 13 Episode 04
Utilities have traditionally been known for their defensive properties, which makes the combination of robust economic growth, technological excitement, and elevated bond yields an unlikely recipe for their strong performance. That said, the sector’s 23% gain kept pace with the broader market last year. In 2025, this momentum should continue. For investors looking to diversif
Alternative Realities: Building an Investment Plan with Alternatives
Season 02 Episode 03
In this episode of Alternative Realities, we explore the dynamic world of alternative investments and their increasing accessibility to a broader range of investors. As these asset classes become more mainstream, we discuss their role in diversifying portfolios and enhancing returns. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by David
Manufacturing a Case for Industrials
Season 13 Episode 03
Despite lagging the broader index, industrial stocks performed well in 2024, gaining over 17% on a total return basis. Sector fundamentals, however, have been more challenged. After an impressive post-COVID recovery supported double-digit earnings growth in 2022, industrial earnings have been in the doldrums alongside U.S. manufacturing activity. In fact, on a year-over-year
Does It Pay to Invest in Payments?
Season 13 Episode 02
The ongoing global shift to electronic payments has created a new growth area industry of financial technology companies. These businesses tend to feature recurring revenues, high free cash flow, and low capital expenditures. The financial services sector, which houses Visa and Mastercard, returned 28% last year, while the consumer finances sector, home to credit card compani
Alternative Realities: Institutional Strategies in Alternative Assets
Season 02 Episode 02
In this episode of Alternative Realities, we delve into the evolving landscape of alternative investments and their growing role in institutional portfolios. As the world of alternative investing becomes more accessible, we’ll explore how institutions have historically leveraged these assets for diversification and enhanced returns. Dr. David Kelly, Chief Global Strategist at
Beyond AI: Opportunities in Semiconductors
Season 13 Episode 01
Our thirteenth season of Insights Now, titled “The Analyst’s Edge: A Day in the Life of Equity Research Analysts,” will be all about the research backing our portfolio managers’ investment decisions, exploring a range of sectors and diving deeper into the most exciting trends driving markets today. U.S. equities have been on a tear in recent years. At the heart of the recent
Alternative Realities: Exploring Alternatives in 2025
Season 02 Episode 01
Despite last year's excellent returns in public markets, alternative assets are garnering increased attention due to their income diversification benefits, high equity valuations, and the potential for above-trend inflation. As alternative investments become more accessible to the public, allocations to these assets are expected to rise in the coming years, underscoring the i
Insights Now 2024 Wrapped
Season 12 Episode 04
For our final episode of Season 12, we will reflect on some of the most important takeaways from the 23 episodes we recorded this year. From exploring the fastest-growing themes in alternatives to navigating the complexities of the U.S. election, we’ve covered a lot of ground, so stay tuned as we recap our “greatest hits” of 2024. This episode explores the main themes and ins
The “New 60/40” Portfolio
Season 12 Episode 03
In recent years, the notion of “correct” portfolio construction has been challenged and diversification has become unpopular. Stocks and bonds have shown an increased propensity to move together, calling into question the efficacy of the classic “60/40” portfolio. However, with a new year comes new forces driving markets, and the winners of the past may not be the winners of
Alternative Realities: Navigating the Future of Infrastructure
Season 01 Episode 09
The pandemic, geopolitical tension and climate change have revived industrial policy around the globe. In the U.S., the IIJA, IRA, and CHIPs act collectively represent the largest investment in infrastructure since the Cold War. In particular, there are significant opportunities in modernizing and expanding the electrical grid as decarbonization and data centers drive up dema
2025: Out of the Cyclical Storm and into the Policy Fog
Season 12 Episode 02
Despite uncertainty at the onset, 2024 is shaping up to be yet another impressive year for the economy and markets. A resilient consumer has put the U.S. on pace for another year of above-trend growth, and the S&P 500 has rallied over 25% so far, breaching $6,000 for the first time in history. That said, with a new year comes new opportunities as well as challenges. To dive d
Alternative Realities: Challenges to Triumphs in Real Estate
Season 01 Episode 08
In this episode of Alternative Realities, we’re going to be exploring the current landscape of commercial real estate, highlighting opportunities beyond the office sector. We’ll talk about the ongoing housing shortage in the U.S., the thriving industrial sector, and the evolution of retail. Real estate is a valuable component of investment portfolios, offering risk mitigation
Asset Allocation in the Year Ahead
Season 12 Episode 01
As we usher in a new year, the investment landscape is almost certainly set to change. That’s why in our twelfth season of Insights Now titled, “Preparing for the Path Forward,” Dr. David Kelly will sit down with portfolio managers and strategists from across J.P. Morgan to discuss their key takeaways from 2024, and what they expect from the economy and markets in 2025. To sh
Alternative Realities: Powering Portfolios with Alternatives
Season 01 Episode 07
In this episode, Dr. David Kelly is joined by Ash Williams, Vice Chair of J.P. Morgan Asset Management. Ash served as Chief Investment Officer and Executive Director of the Florida State Board of Administration, where he oversaw $250 billion in assets. He has extensive experience as an institutional investor in both public and private markets. Throughout their conversation, t
Alternative Realities: Investing in the Future of Healthcare
Season 01 Episode 06
On previous episodes, we’ve discussed the muted return outlook for a traditional 60/40 portfolio and the return-enhancing potential of Private Equity and Venture Capital. As companies wait longer to IPO, investors are turning to private markets for access to the fastest-growing part of a business’s lifecycle. In this episode, we’re going to explore the opportunities in privat
Alternative Realities: Democratizing Access to Alternatives
Season 01 Episode 05
On previous episodes, we’ve discussed what’s called the “democratization of alternatives.” Put simply, alternatives have become more accessible to individuals as the investment vehicles have evolved to address pain points like high minimums and long lockup periods. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Anastasia Amoroso, the Ch
Taxes, Deficits, and Federal Debt, Oh My!
Season 11 Episode 05
The U.S election is just a few short weeks away, and many investors are picking through campaign-trail noise to decipher what policies each administration would pursue and their implications. With both Former President Trump’s and Vice President Harris’s campaigns promising hefty amounts of spending but few clues on how it will be funded, the longer-term trajectory for taxes,
The Past, Present, and Future of Fed Independence
Season 11 Episode 04
The Federal Reserve is a political institution that is accountable to Congress, but also to the public, and its independence ensures it can conduct monetary policy in a way that it perceives to be in support of its dual mandate without undue political pressures. However, some candidates have expressed interest in giving other branches of government a say in the Fed’s decision
Alternative Realities: Navigating Alternatives as an Individual Investor
Season 01 Episode 04
In this episode, we’re exploring the alternatives landscape from the perspective of the individual investor. Historically, these asset classes have been the domain of institutional capital, but the structure of alternative investment vehicles is evolving in ways that make them more accessible. Individual investors have more access to alternatives as the traditional 60/40 port
The Ripple Effects of Regulation
Season 11 Episode 03
Federal government regulatory policies have the potential to reshape both the economic landscape and the investment opportunity set and both candidates for president have expressed strong opinions on regulatory issues. However, their attitudes on regulatory oversight appear to vary across industries and issues affecting the economy and society. For investors, it is policy, n
Alternative Realities: Unlocking Value in Private Markets
Season 01 Episode 03
With comprehensive oversight and deep expertise in a diverse array of investment vehicles, our mission is to demystify often lesser-known asset classes. By providing clear, real-world examples, we aim to bridge the knowledge gap and empower investors to make informed decisions. On today's episode, Dr. David Kelly is joined by Brandon Robinson, Deputy Head of Private Markets,
Navigating Shifts in Global Trade
Season 11 Episode 02
As rising geopolitical tensions and the pandemic fallout have uncovered weaknesses in global supply chains, many nations have begun to rethink their trading relationships. U.S. policy, for example, has turned increasingly nationalistic, with recent administrations implementing tariffs and non-tariff barriers to trade, allocating funds toward domestic development of strategic
Alternative Realities: Private Equity Challenges and Opportunities
Season 01 Episode 02
As companies, particularly in the Technology sector, wait longer to IPO, private equity has become an increasingly important way to get exposure to the high growth potential of early-stage companies. For decades, investors have used private equity to supplement their public equity allocations, enhancing returns, reducing volatility, and providing access to secular market tren
The Impacts of Immigration
Season 11 Episode 01
The 11th season of Insights Now, titled “The Policy and Investment Implications of the U.S. Election,” will focus on topics at the forefront of this election season and explore the impacts proposed policies could have on the markets, economy, and investors. Gabriela Santos, Chief Market Strategist for the Americas, will be co-hosting this season and will be joined by the usua
The Fundamentals of Alternatives
Season 01 Episode 01
Welcome to the first episode of Alternative Realities, a JP Morgan podcast focused exclusively on alternative investments. In these episodes, we hope to shed some light on the rapidly growing and increasingly important world of alternative Investments. The classic 60/40 stock-bond allocation has long been the accepted stalwart portfolio strategy. Currently, however, higher in
What Might the November Elections Mean for Investment Strategy?
Season 10 Episode 10
The 2024 presidential election is well underway and has already delivered a host of surprising twists and turns. Against a backdrop of relatively stable economic growth and quite impressive U.S. stock market returns, the election adds a source of uncertainty for investors. Could the election outcome pose a risk to markets, or certain sectors and asset classes? And, in what ca
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
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 pot
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 bec
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