Making Sense

Ongoing inflation, high interest rates and diminishing excess savings are pressurizing consumer confidence this holiday shopping season. Against this uncertain macro backdrop, are consumers still willing and able to spend this year? Join Matthew Boss, Head of Department Stores, Specialty Softlines and Leisure, and Georgina Johanan, Head of European General Retail, as they discuss the outlook for holiday shopping. This episode was recorded on December 15, 2023.   This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures. JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively, J.P. Morgan) normally make a market and trade as principal in securities, other financial products and other asset classes that may be discussed in this communication.   This communication has been prepared based upon information from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy except with respect to any disclosures relative to J.P. Morgan and/or its affiliates and an analyst's involvement with any company (or security, other financial product or other asset class) that may be the subject of this communication. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. J.P. Morgan Research does not provide individually tailored investment advice. Any opinions and recommendations herein do not take into account individual circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies. You must make your own independent decisions regarding any securities, financial instruments or strategies mentioned or related to the information herein. Periodic updates may be provided on companies, issuers or industries based on specific developments or announcements, market conditions or any other publicly available information. However, J.P. Morgan may be restricted from updating information contained in this communication for regulatory or other reasons. This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of J.P. Morgan. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of J.P. Morgan. Copyright 2023, JPMorganChase & Co. All rights reserved.

Exploring AI/ML models and keywords in the financial domain, discussing their merits, drawbacks, and use cases. Topics include neural networks, recurrent neural networks, transformers, large-language models, volatility forecasting, and useful websites and resources for machine learning in finance.

In this year-end episode, host Kathleen Darling leads a roundtable discussion with Kevin Foley, Global Head of Debt Capital Markets, and Achintya Mangla, Global Head of Equity Capital Markets. Dive into the forces that have shaped capital markets in 2023 and the factors driving a resilient economy to date. Explore the challenges and opportunities that lie ahead in 2024, from broad themes such as geopolitics and potential rate cuts to market specifics including IPO pipelines, M&A activity and more.    This episode was recorded on December 11, 2023. 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. © 2023 JPMorgan Chase & Company. All rights reserved.

In this 2-part episode, we delve into 5 major AI / ML models and 40+ associated keywords, running through the merits and differences between those models, the drawbacks from each, and use cases in applying these models to alpha generation and investing.  We also cover which areas may be most ripe for further development and adoption within the industry.  Peng Cheng, Head of Big Data and AI Strategies within J.P. Morgan’s Research division, and Emma Wu, a member of the same team, are in discussion with Eloise Goulder, Head of the Data Assets & Alpha Group.   Websites referenced throughout this episode: https://arxiv.org/ https://www.ssrn.com/index.cfm/en/ https://www.kaggle.com/ https://developers.google.com/machine-learning/glossary   This episode was recorded on November 30, 2023. 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.

Understanding Basel III regulations and the recent US proposals, the podcast explores their potential impact on market functioning and liquidity. Topics discussed include revisions to risk-based capital framework, changes to G-SIB scores and surcharges, proposed changes to risk-weighted assets and capital surcharges for large banks, and the role of US G-Sibs in providing market liquidity.

In November, the U.S. economy added 199,000 jobs — boosted by workers returning from strikes — while the unemployment rate fell to 3.7%. What does this all mean for the Fed’s soft landing narrative? Join Michael Feroli, Chief U.S. Economist, and Samantha Azzarello, Head of Content Curation and Strategy, as they discuss the November payrolls report. This episode was recorded on December 8th, 2023. This communication is provided for information purposes only. Please visit www.jpmm.com/research/disclosures for important disclosures. JPMorgan Chase & Co. or its affiliates and/or subsidiaries (collectively, J.P. Morgan) normally make a market and trade as principal in securities, other financial products and other asset classes that may be discussed in this communication.   This communication has been prepared based upon information from sources believed to be reliable, but J.P. Morgan does not warrant its completeness or accuracy except with respect to any disclosures relative to J.P. Morgan and/or its affiliates and an analyst's involvement with any company (or security, other financial product or other asset class) that may be the subject of this communication. Any opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This communication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. J.P. Morgan Research does not provide individually tailored investment advice. Any opinions and recommendations herein do not take into account individual circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies. You must make your own independent decisions regarding any securities, financial instruments or strategies mentioned or related to the information herein. Periodic updates may be provided on companies, issuers or industries based on specific developments or announcements, market conditions or any other publicly available information. However, J.P. Morgan may be restricted from updating information contained in this communication for regulatory or other reasons. This communication may not be redistributed or retransmitted, in whole or in part, or in any form or manner, without the express written consent of J.P. Morgan. Any unauthorized use or disclosure is prohibited. Receipt and review of this information constitutes your agreement not to redistribute or retransmit the contents and information contained in this communication without first obtaining express permission from an authorized officer of J.P. Morgan. Copyright 2023, JPMorganChase & Co. All rights reserved.

Investment banking outlook for 2024, including market dynamics, sector trends, and deal-making. Discussion on the reorganization of investment banking structure and optimism for the US economy and IPOs. The impact of technology convergence on industries and the need for energy innovators on boards. Favorable debt market conditions and anticipated growth in M&A. The growing role of financial sponsors and adapting to clients' changing needs.

This podcast discusses the rising awareness of cybersecurity due to recent high-profile cyber attacks, the weaponization of vulnerabilities, the impact of federal spending on cybersecurity, and the role of artificial intelligence in addressing threats and improving security operations.

Learn about the growing popularity and market potential of obesity drugs, their role in addressing the obesity epidemic, challenges of access and insurance coverage, development of oral medications, duration of treatment, market potential compared to diabetes drugs, and the cultural impact of weight loss medications.

Guest Faheen Allibhoy discusses sustainable finance, Impact Disclosure Guidance, challenges facing multilateral development banks, and the COP28 conference. They explore the importance of measuring and reporting impact data, the need for global standards, and the role of multilateral development banks in alleviating poverty and bridging capital gaps. They highlight the urgency to take action, including focusing on large emitting countries and involving both public and private sectors. Future initiatives include expanding capital base, climate finance, and collaboration with the private sector.