All into Account

In this discussion, Anthony Paolone, Co-Head of REITs & Real Estate Services Equity Research at J.P. Morgan, shares his insights on the unexpectedly strong U.S. housing market amid rising interest rates. He delves into the impacts of tariffs and immigration policies on construction costs and builder profits. The conversation also covers the hurdles faced by homebuilders and the nuanced recovery in commercial real estate, while examining the driving forces behind the frozen housing market and the future implications of GSE privatization.

In this podcast, J.P. Morgan Research analysts highlight emerging signs of relief in the housing affordability crisis across China, Japan, and the UK. The discussion focuses on whether we are approaching a bottom in China’s housing prices and additional policy support. There are concerns about leverage and the rise in property prices in Japan as the BOJ pursues policy normalization, while the UK housing market has seen an abundance of supply-side reforms from the Government to support homeownership.   Speakers: Mohammed Hossain, Strategic Research Haibin Zhu, Chief China Economist Ayako Fujita, Chief Economist for Japan Zaim Beekawa, European Building & Construction and Infrastructure Equity Research   This podcast was recorded on July 3, 2025. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

In this podcast, J.P. Morgan Research analysts discuss housing affordability with key insights from the JPMorganChase Institute (JPMCI). Building on a decade of research, the Institute has provided a comprehensive understanding of how consumers purchase homes, navigate recent surges in home prices, and accumulate wealth.   The current housing market is redefining economic opportunities in the US, influencing how Americans live, spend, and plan for their future. Research analysts explore the impact of the housing affordability crisis on different population segments, emerging disparities, and the challenges faced by policymakers.   Speakers: Joyce Chang, Chair of Global Research Makada Henry Nickie, Housing Finance Research Director, JPMorganChase Institute George Eckerd, Research Director for Wealth and Markets, JPMorganChase Institute Abiel Reinhart, US Economic Research   This podcast was recorded on July 1, 2025. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.  

Join Jan Loeys, a seasoned Long-term Strategist at J.P. Morgan with a remarkable 40-year career, as he shares insights on critical global shifts. He discusses regime changes like climate impacts, demographic shifts, and the rise of populism. Jan warns about the implications for strategic asset allocation, particularly in relation to U.S. equities and bonds. He also emphasizes the importance of sustainable retirement planning in light of increasing longevity and offers practical investment rules. A must-listen for thoughtful investors!

In this podcast Joyce Chang, Chair of Global Research is joined by Virginia Martin Heriz, JX Hecker and Paul Xu in J.P. Morgan’s ESG Research team to discuss the current landscape dictating the future of ESG, including the political backdrop under Trump 2.0, geopolitical risks, the US-China strategic competition and the rising energy demands from data center expansion to fuel the AI revolution, as forces that are reshaping the supply chain and energy demand. J.P. Morgan Speakers: Mohammed Hossain, Strategic Research  Joyce Chang, Chair of Global Research  Virginia Martin Heriz, Head of ESG Research Methodology and Integration  Paul Xu, Asia Pacific ESG Research  Jean-Xavier Hecker, Head of ESG & Sustainability Research This podcast was recorded on 15 January 2025. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

As geopolitical dynamics shift, we explore the potential impacts on oil markets, considering both the immediate risks and the broader implications for global energy stability.

Featured in this podcast is Amy Ho. As the new world order fosters regionalization and new alliances, we explore the implications for globalization, industrial policies, and shifting international trade dynamics. This podcast was recorded on Nov 18, 2024. This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved.

Demography is destiny and thus a critical consideration for the long-term investor. What are the long-term trends and how will they affect markets? Speakers: Jan Loeys, Long-term Strategy Alexander Wise, Long-term Strategy This podcast was recorded on 9 October 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4800176-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Fabio Bassi joins us to discuss ECB outlook and duration views. Idiosyncratic macro dynamic came to the forefront of rates markets this week with a notable outperformance of EUR rates in a bull steepening move, driven by weak Euro area flash PMI for September and selective inflation data in France and Spain. Higher conviction in the broad disinflation process in the Euro area and downside risk on growth triggered a change in our ECB call, now expecting the ECB to deliver back-to-back 25bp cuts starting in October, reaching 2% policy rate in June 2025, Risks are biased for even lower terminal even in absence of a recession. Speakers: Thomas Salopek, Head of Cross Asset Strategy Fabio Bassi, Head of International Rates Strategy This podcast was recorded on 2 October 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4806192-0, https://www.jpmm.com/research/content/GPS-4802900-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Speakers: Thomas Salopek, Global Cross Asset Strategy Rie Nishihara, Head of Japan Equity Strategy Junya Tanase, Chief Japan FX Strategist   This podcast was recorded on Sept 25, 2024. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4797455-0 and https://www.jpmm.com/research/content/GPS-4799897-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2024 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.