Making Sense

Why is SA-CCR often referenced when it comes to FX swaps and forwards? With the first year of mandatory SA-CCR application by US banks almost behind us, Kate Finlayson, Global Head of FICC Market Structure and Scott Wacker, Global Head of FICC eSales discuss the implications and opportunities of this rule with Meridy Cleary from the FICC Market Structure team. This episode was recorded on November 1, 2022. The views expressed in this podcast may not necessarily reflect the views of JPMorgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument, are not issued by Research but are a solicitation under CFTC Rule 1.71. 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. The FICC market structure publications, or to one, newsletters, mentioned in this podcast are available for J.P. Morgan clients. Please contact your J.P. Morgan sales representative should you wish to receive these. For additional disclaimers and regulatory disclosures, please visit www.jpmorgan.com/disclosures © 2022 JPMorgan Chase & Company. All rights reserved.  

In this podcast, Rama Variankaval, Global Head of Corporate Finance Advisory and Center for Carbon Transition, talks to Faheen Allibhoy, Head of the J.P. Morgan Development Finance Institution (DFI). They discuss the role of the JPM DFI in mobilizing capital for economic development in emerging markets and how it supports the firm’s overall ESG efforts. Faheen and Rama also cover COP27 from climate adaptation to private and public sector engagement. This episode was recorded on October 21, 2022. 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. © 2022 JPMorgan Chase & Company. All rights reserved.

In this episode, the DA&A Group discusses investor positioning amid recessionary fears and potential timing of an economic downturn. They also discuss the Fed’s direction and what positioning and flows suggest for market direction. Positioning assesses the data across the team’s Prime book (i.e. from Hedge Fund clients) as well as other investor types such as Retail, CTAs, and in ETFs. The episode features John Schlegel, head of Positioning Intelligence and Andrew Tyler, head of US Market Intelligence. This follows the team’s previous podcast on post-CPI print results with Eloise Goulder, Head of Data Assets & Alpha Group, and Krupa Patel, Head of International Market Intelligence.  This episode was recorded on October 31, 2022. 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”), 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 and 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: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer. © 2022 JPMorgan Chase & Company. All rights reserved.    

Michael Millman, Global Chair of Investment Banking, and Carly Roddy, Head of West Coast Private Capital Markets, discuss trends driving capital formation across public and private equity markets. Michael and Carly touch on factors impacting the IPO market, share insights on buyside investor sentiment, and examine how private companies are raising capital in the current market environment. They also offer their perspectives on how to navigate the current environment and tools to raise public and private capital, including Capital Connect – J.P. Morgan's new digital platform to help founders and investors in early-stage private markets. There are a number of liquidity paths available to companies and shareholders and being ready to access the market is key in a volatile environment. This episode was recorded on October 13, 2022. 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. © 2022 JPMorgan Chase & Company. All rights reserved.

In this episode, the team focus on inflation in the US and the UK, and discuss whether yesterday’s market rally post the hotter than expected September US CPI print could be the start of a sustainable market rebound. Krupa Patel, Head of International Market Intelligence, and author of many Global Data Intelligence products, runs through the latest message from the team’s data toolkits including Signal from the Noise and Tactical Positioning Monitor, and also provides an update on the latest political developments in the UK & market implications. Krupa is interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group. This episode was recorded on the morning of October 14, 2022 (BST). 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”), 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 and 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: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer. © 2022 JPMorgan Chase & Company. All rights reserved.  

“The media and communications sector is like the NFL of investment banking.” Fred Turpin, Global Head of Media and Communications Investment Banking at J.P. Morgan, speaks to Evan Junek from the Corporate Finance Advisory group, about key trends driving this capital-intensive sector. They also cover evolving market dynamics and potential opportunities and challenges ahead.  Want to know more about media and communications trends? Subscribe to our sector-focused newsletters: https://www.surveymonkey.co.uk/r/jpmorganmediaandcommunications  This episode was recorded on September 21, 2022. 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. © 2022 JPMorgan Chase & Company. All rights reserved.

In this episode the team focus on trends in market sentiment across the globe, and assess what current sentiment says about market conditions today, in light of the regular incoming question of ‘how low is sentiment and positioning right now’. Eloise Goulder, Head of the Data Assets & Alpha Group, runs through the team’s new proprietary Bull / Bear Buzz sentiment data set, what it says about sentiment right now, how that sentiment differs by region, and what the possible implications are for market conditions today. She also runs through current readings from the wider team data toolkits, including Signal from the Noise and the Tactical Positioning Monitor. Eloise is interviewed by Edwina Lowe, Product Specialist within the Data Assets & Alpha Group. This episode was recorded on October 6, 2022. 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”), 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 and 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: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer. © 2022 JPMorgan Chase & Company. All rights reserved.

In this episode the team dives into the UK, post the new government’s mini-budget announcement and subsequent market volatility. Krupa Patel, Head of International Market Intelligence, runs through the events of the last week and assesses: the possible path forward for the UK economy, implications for UK assets, and how we can contextualize this with the DA&A Group positioning and sentiment data toolkits. Krupa is interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group. This episode was recorded on October 3, 2022. 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”), 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 and 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: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer. © 2022 JPMorgan Chase & Company. All rights reserved.

In this special episode of “What’s The Deal?” we hear about the journey of tech startup, Celonis and how it went from college startup in 2011 to reach a valuation of almost $13 billion today. The company recently raised $1 billion in funding and is now a global leader in the so-called “process mining” tech space. Ahead of the annual J.P. Morgan Tech Stars Conference in London, Stefan Povaly, Head of J.P. Morgan in Germany sits down with Bastian Nominacher, the co-founder and co-CEO of Celonis to discuss how they got started, recent financing and plans for the future, as well as some top tips for new tech founders. This episode was recorded on September 23, 2022. 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. © 2022 JPMorgan Chase & Company. All rights reserved.

In this episode, the DA&A Group discusses how investors were positioned heading into the CPI print and the key near-term catalysts going forward. They also discuss what positioning and flows suggest for market direction. Positioning assesses the data across the team’s Prime book (i.e. from Hedge Fund clients) as well as other investor types such as Retail, CTAs, and in ETFs. The episode features John Schlegel, head of Positioning Intelligence and Andrew Tyler, head of US Market Intelligence. This follows the team’s previous podcast on investor behavior amid the rally with Eloise Goulder, Head of Data Assets & Alpha Group, and the Positioning Intelligence team. This episode was recorded on September 19, 2022. 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”), 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 and 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: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer. © 2022 JPMorgan Chase & Company. All rights reserved.