Market Views

Global markets commentary and analysis

These articles monitor and interpret the markets, delivering updates and insights reflecting a prism of perspectives across asset classes, geographies and investment platforms.

Questions? Please contact your J.P. Morgan representative or email jpmam.info@jpmorgan.com

 

The Global View: Is it 1992-93 again for Europe?

 

May 15, 2012

  • Greece confirmed Tuesday that it would hold elections, raising fears that the country might subsequently exit EMU
  • The economic and political gaps between Germany and the periphery continue to widen in a strikingly similar way to 1992-93, when the European Exchange Rate Mechanism (ERM) "blew up"
  • There are reasons why history does not have to, and may not repeat for Europe; however, with so much uncertainty, we remain comfortably underweight Euro area equities and see the euro biased lower
Download the PDF
 


The Global View: A positive political story that markets don't appreciate…yet

 

May 10, 2012

  • Greek, and to a lesser degree, French elections have renewed peripheral European fears
  • However, some ongoing political events outside Europe actually "good news;" underappreciated by investors in our view
  • A stabilization in Iran-Israel tensions (at least for now) is helping to lower oil prices, which should add support for consumers into summer
Download the PDF
 


The Global View: Monitoring renewed stress in the euro area – 3 charts to watch

 

May 9, 2012

  • A downshift in growth expectations and rising policy implementation risk lie behind fresh euro area worries
  • Indicators of financial system stress that could spread beyond Europe deserve close monitoring in coming weeks: bank deposits, Spanish spreads, and LIBOR-OIS
  • Banking system tensions that overwhelm the benefits of LTROs would derail international growth and many of our market views
Download the PDF
 


Library

 
April 16, 2012
The Global View: Does China's currency band widening matter?
 
March 15, 2012
The Global View: Three charts to tell the international growth rebound story
 
March 9, 2012
The Global View: Looking beyond the Greek debt swap
 
February 28, 2012
The Global View: Gradual healing in US labor and housing markets
 
February 15, 2012
The Global View: All “politics” are Greek
 
February 6, 2012
A bit of risk creeps into the “low-for-long” view
 
January 24, 2012
On Greek PSI and the future of the CDS market
 
January 18, 2012
The Global View: The China story grows more complicated
 
January 3, 2012
The Global View: What does the ISM mean for US equities?
 
December 21, 2011
The Global View: Terms I wish would disappear in 2012
 
December 2, 2011
The Global View: Will the year-end equity rally repeat this year?
 
November 22, 2011
The super committee and U.S. fiscal policy: Q & A
 
November 14, 2011
The Global View: How U.S. super committee action (or lack thereof) may influence 2012 markets
 
November 6, 2011
The Global View: Politics Rule
 
October 27, 2011
The Global View: EU Summit Concludes with a Framework Agreement
 
October 17, 2011
The Global View: Thinking through the Oct. 23 EU leaders’ summit
 
October 11, 2011
The Global View: East and West
 
October 3, 2011
The Global View: Pension deficits at record highs - stay calm and carry on
 
September 23, 2011
The Global View - What the Twist means for US pensions
 

Searching avenues for yield and income in 2012

 


With government bond yields in the U.S. and overseas likely to remain low, Rebecca Patterson analyzes other attractive sources of income. Watch the video.





Rebecca Patterson, Chief Markets Strategist, looks at the yield opportunities presented by improving U.S. corporate balance sheets and stronger fundamentals in emerging economies. Watch the video.





Chief Markets Strategist Rebecca Patterson explains why leveraged loans can provide yield and help hedge against rising rates and potential inflation. Watch the video.



Recent Commentary

 

Recently Featured

Twelve in 2012-Update: How political events are shaping markets
Since publishing “Twelve in 2012&rdqup; in November, there have been a number of significant events, and some surprises.

Top investment questions for 2012
We address the questions heard most frequently from clients about the coming year.

Twelve in 2012: What Politics Can Mean for Markets in the Year Ahead
2011 has been extraordinary in a number of respects, including the influence of politics on financial markets. Rebecca Patterson describes several reasons why politics could play an even bigger role in the markets in the year ahead.

Commodity Considerations in a New Fiscal World Order
Read why commodities can provide potentially attractive returns, diversification and an inflation hedge over the long term.

A New Fiscal World Order: Implications for investors (pdf)
Amid fiscal tightening and deficits, a "new fiscal world order" means thinking differently about investing.

 
 

 
This is a link to a third-party site. Note that the third party's privacy policy and security practices may differ from J.P. Morgan standards. J.P. Morgan assumes no responsibility nor does it control, endorse or guarantee any aspect of your use of the linked site.
 

 
Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times).
DAX and Nikkei - End of Day. 30 Year, 10 Year, and 5 Year Treasuries - End of Day.

FOR INSTITUTIONAL USE ONLY

This website is intended to report solely on the investment strategies and opportunities identified by J.P. Morgan Asset Management. Additional information is available upon request. Information herein is believed to be reliable but J.P. Morgan Asset Management does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The investments and strategies discussed herein may not be suitable for all investors; if you have any doubts you should consult your J.P. Morgan Asset Management Client Advisor, Broker or Portfolio Manager. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice or investment recommendations. You should consult your tax or legal advisor about the issues discussed herein.


J.P. Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co. Those businesses include, but are not limited to, J.P. Morgan Investment Management Inc., Security Capital Research & Management Incorporated and J.P. Morgan Alternative Asset Management, Inc.

 
 
 

 
 

Copyright © 2012 JPMorgan Chase & Co. All rights reserved.