Making Sense

Join host Amaury Guzman and guest Kevin Foley, Global Head of Capital Markets, as they discuss economic dynamics, IPO activity, M&A green shoots, private credit trends, and how CEOs are navigating economic uncertainties. Explore 2024 capital markets, interest rates, direct lending trends, CEO insights, global market trends, and more.

In this episode, we hear from Kate Finlayson, Head of FICC Market Structure & Liquidity Strategy at J. P. Morgan. Kate discusses the complexities of FICC markets, how regulation and microstructural dynamics are shaping execution trends, and the likely path from here.  Kate is in discussion with Eloise Goulder, Head of the Data Assets & Alpha Group. To learn more about the Data Assets & Alpha Group: https://www.jpmorgan.com/markets/market-data-intelligence This episode was recorded on June 24, 2024. The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), they are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use, it is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: www.jpmorgan.com/disclosures/salesandtradingdisclaimer. For the avoidance of doubt, opinions expressed by any external speakers are the personal views of those speakers and do not represent the views of J.P. Morgan.

In this episode, we hear from Jae Lee, CIO and CEO of Korean hedgefund Timefolio’s Singapore business.  Jae discusses the importance of analyzing the supply chain to identify edge and alpha in stocks, components of the AI supply chain which are benefitting from greater barriers to entry and pricing power, use of data in this analysis, the extent to which Asian product segments will continue to grow in US and European markets, and how AI will increasingly impact our everyday lives.  Jae Lee is in discussion with Eloise Goulder, Head of the Data Assets & Alpha Group at JP Morgan.   Shownotes: To learn more about the Data Assets & Alpha Group: https://www.jpmorgan.com/markets/market-data-intelligence This episode was recorded on June 11, 2024.  The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), they are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use, it is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: www.jpmorgan.com/disclosures/salesandtradingdisclaimer. For the avoidance of doubt, opinions expressed by any external speakers are the personal views of those speakers and do not represent the views of J.P. Morgan.

Phoebe White, Head of U.S. Inflation Strategy, and Anthony Paolone, Co-Head of U.S. Real Estate Stock Research, analyze rent inflation trends post-pandemic. They discuss supply trends, varying rent increases, and the impact of wage inflation on rental affordability.

Vice Chairman Drago Rajkovic and Co-Head Greg Chamberlain discuss tech landscape trends like M&A and IPO activity, market performance, and outlook for 2024 and 2025. They explore Private Capital Markets, AI investments, and insights into M&A market expectations. Strategic advice is given for boards and companies on IPOs, private markets, and M&A transactions, emphasizing clarity on value and caution against heavy balance sheets.

Federico Manicardi and Jigar Vakharia discuss the underperformance of European equities compared to US equities. They delve into macro and political dynamics in Europe, potential risks and rewards in the equity market, and the impact of upcoming elections in France and the UK. The conversation also touches on hedge fund activities, sector preferences, and bullish and bearish views on various sectors.

Join Amaury Guzman and Brian Tramontozzi as they discuss trends in the high yield and leveraged loan markets, from M&A green shoots to fund flows. They delve into increased issuance volumes, borrowing activity, and market conditions affecting the sector, highlighting the positive trends in both high yield bonds and leveraged loans.

Charlie Post, Co-Head of Media & Communications M&A, recaps key takeaways from J.P. Morgan's Board Summit 2024. Topics include succession planning, AI investments, climate literacy, and insights on the 2024 election. Emphasis on board diversity, economic disparities, China's growth, and the evolving importance of ESG in business practices.

Jagadish Chalasani, JP Morgan's lead structurer for CTA strategies, discusses extending trends across regions, asset classes, and time horizons to enhance performance. He explores the challenges and benefits of trend as an alpha strategy, emphasizing the importance of diversification and alternative signals. The podcast also touches on reactivity in trend-following systems during market volatility and the evolution of CTA strategies within JP Morgan's Quantitative Investment Strategies Division.

Phoebe White, Head of US Inflation Strategy, and Mike Feroli, Chief US Economist, analyze the May US employment report, future economic trends, and the impact of immigration policies on the economy. They discuss the increase in nonfarm payrolls, discrepancies in surveys, wage pressures, GDP growth expectations, potential interest rate cuts, and the Federal Reserve's future plans.