Making Sense

Ahead of J.P. Morgan’s Global High Yield & Leveraged Finance conference, Brian Tramontozzi, Head of North American Leveraged Finance Capital Markets, hosts Brian Rubin, Head of U.S. Fixed Income Trading at T. Rowe Price, and Michael Schechter, Partner and Head of Credit Trading at Ares Management. They discuss the current activity in the debt capital markets and potential factors that could impact the positive momentum.   This episode was recoded on February 5, 2024. This material was prepared by certain personnel of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide and not the firm’s research department. It is for informational purposes only, is not intended as an offer or solicitation for the purchase, sale or tender of any financial instrument and does not constitute a commitment, undertaking, offer or solicitation by any JPMorgan Chase entity to extend or arrange credit or to provide any other products or services to any person or entity. © 2024 JPMorgan Chase & Company. All rights reserved.

Exploring the factors shaping execution strategies, advancements in e-Trading, challenges of cultural change, and the future of electronic trading and market structure.

Analyzing the surprising payroll and wage gains in the January jobs report, discussing implications for inflation and interest rates, as well as projections for the labor market and Federal Reserve's policy.

Anna Stupnytska, Global Macro Economist at Fidelity International, discusses the impact of climate change on growth, inflation, and interest rates. She explores the trade-off between transition and physical risks, the implications for asset prices and strategic asset allocation, and distinguishing 'signal from noise' in ESG data.

Natasha Kaneva, Head of Global Commodities Strategy, and Gregory Shearer, Head of Base and Precious Metals Strategy, discuss the bullish outlook for gold and silver in 2024, fueled by rate cuts and decreasing US 10-year real yields. They also explore the potential upside for silver prices and the relationship between precious metals and other commodity markets, emphasizing commodities as a preferred option for hedging inflation.

Join this roundtable discussion with Daniel Rudnicki Schlumberger, Head of Leveraged Finance EMEA, Ben Thompson, Head of EMEA Leveraged Finance Capital Markets, and Natalie Netter, Head of EMEA Leveraged Finance Syndicate. Gain insights into factors shaping leveraged finance markets in Europe, from technical drivers and refinancing activities to M&A transactions and the broader market conditions.

Join host David Rawlings and Michael Cembalest, Chairman of Market and Investment Strategy at J.P. Morgan Asset and Wealth Management, as they discuss the state of the global economy and outlook in 2024. Explore the possibility of a soft landing and market surprises. Dive into topics like the evolving role of regional banks, antitrust risks, global elections’ implications on markets and more.      Read Michael’s full outlook: https://privatebank.jpmorgan.com/nam/en/insights/latest-and-featured/eotm/outlook     This episode was recorded on January 9, 2024. This material was prepared by certain personnel of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide and not the firm’s research department. It is for informational purposes only, is not intended as an offer or solicitation for the purchase, sale or tender of any financial instrument and does not constitute a commitment, undertaking, offer or solicitation by any JPMorgan Chase entity to extend or arrange credit or to provide any other products or services to any person or entity. © 2024 JPMorgan Chase & Company. All rights reserved.

David Rawlings and Mike Gaito discuss recent M&A trends in healthcare investments. They explore the impact of economic factors and innovation in AI and machine learning. The podcast also covers navigating the healthcare sector in 2024 and the complexities of inflation and interest rates.

Discussion on the global inflation outlook for 2024, including the impact of the pandemic and the decrease in core numbers. Focus on the US inflation dynamics and the alignment of CPI and core PC inflation. Exploration of the decreasing inflation trend in emerging markets, with a focus on China and other regions. Examination of the potential impact of shipping disruptions on global inflation, including rising shipping costs and blockages in the Panama Canal. Highlighting the current outlook for energy and food inflation.

In this episode, the group discuss the key surprises that emerged through 2023, how they played out from a positioning perspective and key catalysts to monitor for the year ahead. Eloise Goulder, Head of the Data Assets & Alpha Group (DA&A) and Jigar Vakharia, a member of the group’s Positioning Intelligence team are in conversation with Edwina Lowe, Product Specialist within the DA&A Group. This episode was recorded on January 15, 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.