Insights

Eye on the Market Outlook 2023: The End of the Affair

The affair with the market catalysts of the last decade is over now, and a new era of investing begins.

Year in review: The good, the bad and the ugly

Amid inflation and market turmoil, here’s what went wrong (and right) this year.

Latin America Outlook 2023: Down, not out

See the potential and take stock of the region’s economic and political prospects for 2023.

2023 could be a surprisingly good year for the economy an…

Growth will likely weaken, but we see a path to a better economic outcome and stronger-than-expected equity returns.

The year ahead: 5 dynamics that matter

Volatile markets may present compelling opportunities as we anticipate a recession

Oh, the places you might go—investing in luxury travel an…

The sector is enjoying a resurgence that’s expected to stay strong. It’s time for you to think about travel and leisure like an…

Outlook 2023: See the potential

Amid weaker growth and stronger markets, here’s where to look for returns across asset classes and risk levels.

Markets rally as inflation fears start to cool

From central bank dynamics to labor markets, here are five key points for investors to consider.

Holiday Eye on the Market: Non-Fungible Trainwreck

First, a gift for our clients: a 2022-themed non-fungible token for your digital collection embedded in the Eye on the Market. …

How can I invest for climate change?

Investors have a role in helping to slow, stabilize, potentially reverse—or adapt to some inevitable—climate change.

The Agony & The Ecstasy

The risks and rewards of a concentrated stock position.

3 key takeaways for investors post COP27

More than 35,000 delegates came together in Sharm El Sheikh, Egypt, to take collective action against climate change – here are…

5 reasons to be grateful this Thanksgiving

Despite the rough road for investors, there’s plenty to be thankful for—even in these markets.

Is the mighty U.S. dollar weakening?

If the currency turns lower, it may mean inflation is cooling—and improved conditions for U.S. investors and companies.

Municipal bonds are in the spotlight. Should they be in…

With tax-equivalent yields around 7% and strong fundamentals, municipal bonds are one of our highest conviction ideas.

Little Red Wagon

A preliminary read on midterm election results given the context of prevailing market and economic conditions.

With U.S. midterm elections unclear, the economy retakes…

Stocks could bounce with an election resolution, but the focus remains on inflation and the economy.

How can you invest in the great transition to clean energy?

There may still be significant pockets of promise for those who are clear-eyed about where we are now and where we’re headed.

Fixed income: There’s a lot to love

While rate hikes have been tough on equities, bonds are once again a viable option for income and total return.

A CH₄, HR4346 and mRNA-1273 Thanksgiving

A Thanksgiving list of things I am thankful for. My list this year: CH₄, HR4346 and mRNA-1273.

Healthcare innovation: It’s a new universe of potentially…

See what’s driving today’s key trends and how to identify opportunities while navigating the risks.

Midterm elections preview: Potential outcomes and market…

With just two weeks to go before voters hit the polls, consider this breakdown of what’s at stake and why it matters for…

It’s been a tough year for tech but the outlook should…

While tech stocks outperformed during the Covid pandemic, they have fallen behind this year. Yet despite the slowing economy,…

Market metrics: Where are we going from here

History may hold key clues into where this market is headed. Consider these charts as the volatility continues.

Reruns

Three reruns for investors: equity declines, Thucydides Trap update, and the Pitcairn Problem.

How to use your portfolio to amplify your charitable impact

Learn how your investments can better align with your philanthropic visions, without compromise.

Investing in Europe as recession threatens and war continues

There are long-term investing opportunities aligned with policymakers’ priorities in energy transition, food security and defense.

Market volatility can have its advantages—if you know…

As the wild swings continue amid inflation and recession concerns, attractive entry points are emerging.

Three market drivers through Q4 and beyond

A closer look at the path of rates, energy prices and deglobalization, and what they could mean for markets

Choice: A new luxury amid the sell-off

During the last cycle, there were few alternatives to equities–but opportunities are now appearing across the risk spectrum.

Where can you invest in today’s energy landscape?

The world is caught between old school fossil fuels and a clean energy future. Although there is some uncertainty over the spee…

Arrested Development

Three topics this week: the repricing of risky credit, labor markets and a COVID recap. While equities are pricing in a much…

A paradigm shift: Unlocking ESG data for individual…

There's a transformation underway in environmental, social and governance (ESG) data. 

The Fed’s fight against inflation has a way to go

Against a backdrop of continuing market volatility, investors might still find sufficient compensation for today’s market risks.

What are the opportunities in smart agriculture in Latin…

Unearthing untapped opportunities in the AgTech sector in Latin America: A conversation with Economist Impact

Big market swings are tough, but staying invested is crucial

Market volatility can be nerve-racking, but it can also present new opportunities. Here are five time-tested ideas for helping…

Today’s U.S. real estate dilemma: Buy, build, sell now—or…

Where the property is located may be critical in the next one to two years. We find significant disparities in short-term,…

U.S. Midterm elections are coming. What do they mean for…

A divided government—the likely outcome—suggests little new spending and limited potential impacts on critical sectors.

Market Thoughts: Today’s key investor question is, “What’…

A hard landing isn’t reflected in market pricing, the rally is fragile and global inflation is still too high. We expect the Fe…

Strengthening your core: The case for fixed income

The environment is uncertain—but there are still high-conviction themes to consider for your portfolio.

Timber investment: The new branch of real assets

Returns on timber investments have been good during inflation, and could help hedge other holdings.

On CPI, S&P, GHG and the IRS

Three topics in this month’s Eye on the Market. First, an update on the Fed, inflation and corporate profits since we believe…

Climate change investing: How to find your opportunities

Here’s how we look at the new global economy that is being created—and why we think private markets are particularly interestin…

Is this U.S.-China audit agreement a game changer?

Today’s Asia Strategy Weekly explains what the agreement means for the market, what to watch from here and our outlook for the…

Will Powell make a big policy shift at Jackson Hole?

The answer is probably no, but look out for signals on the path of rate hikes and more.

Buying real estate in Switzerland as a non-resident

a brief guide to the key legal and tax considerations

Is China facing a hard landing?

In this edition we provide a deep dive on one of the biggest challenges facing the Chinese economy – the housing market.

Can fixed income now deliver stock-like returns?

Investors might find income as well as some protection against a recession. Here’s where to look.

AgTech in Latin America: Small-scale solutions in a…

Latin America is one of the few places in the world where significant portions of farmland remain untapped.

Positive signs emerge on inflation, but will they last?

Markets have been cheering the latest news, giving investors a chance to review portfolios—but the coast is far from clear

Markets rebound despite the ongoing recession obsession

While recession fears dominate headlines, the stock market continues to rally—but is it sustainable?

Buying residential property abroad: Spain

Overview of tax and legal issues non-residents should consider

Precision Medicine: The next trend in healthcare innovation

Current trends in healthcare technology will deliver future innovations to personalize healthcare. Identifying the right trends…

The second gear of the Manchin-Schumer bill

While the Manchin-Schumer bill (if passed) would almost certainly accelerate the US energy transition, nothing like a CBO…

How can I protect my portfolio from market volatility?

Although allocations to fixed income haven’t protected multi-asset portfolios over the first half of the year, in our view this…

Finding the right fit: Vetting Private Investment…

Direct private investing requires a lot of discipline. How can families go about it?

Want to get your Gen Zer interested in investing?

Gen Zers are passionate about driving positive change. Sustainable investing can help them make a difference—and learn to manag…

Buying residential property abroad: France

Overview of tax and legal issues non-residents should consider

Is Europe on the brink of recession?

An ongoing energy shortage, policy tightening that threatens the union, and multiple political upheavals are creating a perfect…

It’s time to put cash to work

Suddenly, yield for liquid investments has increased—and it may help soften inflation’s bite.

Is mortgage non-payment China’s Lehman moment?

This week, U.S. equities rallied on solid earnings, and market focused on ECB rates decision. We think equity volatility may…

It’s the end of easy money. Five charts count the ways

Higher rates and tighter financial conditions create challenges for economies and asset markets. Here’s what you need to know.

Long Hot Summer Reading List

Most summer reading lists are carefully curated, inspirational elegies to the human spirit. This is not that. See today’s note…

Looking for diamonds in the rough? Consider a ‘preferred’…

Preferred equities have been pressured to the point where they now seem attractive. Here’s why.

Sustainable investing: Separating fact from fiction

Today, SI strategies are helping to drive growth and positive societal change in nearly every asset class. Yet misconceptions…

Buying residential property in the UK

A guide for non-UK resident clients on some of the key tax and other planning considerations.

Independence Days

Topics: A revised map of the United States; investing in equities before a recession; Russia’s natural gas squeeze on Europe…

How can today’s market volatility be turned into tax…

Tax loss harvesting can help enhance investors' after-tax returns

Can the Fed rein in inflation without causing a recession?

We think so. But acknowledging risks and making a few portfolio tune-ups may help you manage whatever comes.

Is private credit the right tool for these uncertain times?

This varied asset class potentially offers yield, enhanced returns and inflation protection.

Mid-Year Outlook 2022 - Hurricane or storm clouds: A worl…

Inflation, war, pandemic: As markets shift, three steps can help you invest through the cycle.

Dearly beloved

Dearly Beloved: some comments on Jamie’s hurricane reference last week regarding the US economy, and a eulogy for unprofitable…

Smart security: Ongoing megatrend and investment hedge to…

In recent years, investors have had to deal with a rapidly changing geopolitical backdrop as elections, trade wars, and militar…

Investing in a late-cycle environment

The post-COVID business cycle has been fast. What can investors do to position their portfolios for late cycle?

Can China avoid a recession?

China needs “whatever it takes” to avoid a recession.

Why investors are looking carefully at “human capital…

As the pandemic wanes, investors and companies are focusing on this key ESG factor.

Bear Market Barometers

The slowdown induced by central bank tightening is just starting. You can be patient when adding risk to portfolios; earnings…

Market turbulence: What does it really mean for investors?

Fundamentals are strong and central banks should tame inflation—without tipping us into recession. That said, risks abound.

The economic importance of biodiversity: Threats and…

Companies working to improve biodiversity health or minimize impacts may present new investing opportunities.

Market whiplash: Will the Fed get inflation under control?

The latest rate hike led to the worst selloff since 2020, but we believe Fed policy will help keep growth in balance.

12th Annual Energy Paper

We examine the energy landscape in 2022, including the energy crisis in Europe, deep decarbonization plans through…

How do the lockdowns impact our view on China?

Equity markets have been choppy and real yields have continued to rise, and even briefly broke into positive territory. The…

J.P. Morgan named Best in Asia for ultra-high-net-worth…

J.P. Morgan Private Bank has been named by Asiamoney as Best for ultra-high-net-worth (UHNW) clients in 2022.

How do you build an alternatives portfolio that supports…

Our answer to some of clients’ most frequently asked questions.

The climate opportunity: Getting ahead of Latin America’s…

Latin American investors should anticipate shifting demands from high- to low-emission industries

The Tide Goes Out: Growth Trade Aftermath

Growth Trade Aftermath: asset allocation, equity mutual funds and hedge funds after the selloff

Is the conflict in Ukraine accelerating the transition to…

Gas represents 20% of Europe’s total energy mix, with 40% of supplies sourced from Russia, Can Europe transition to a more…

Alternatives: Do you want to invest? Here's how to start.

Alternative investments can help with portfolio diversification as well as provide inflation protection. Read more about how to…

How significant monetary shifts are impacting currencies?

The weakness of the Japanese yen is drawing market attention, and we think the trend will continue for the near term. We also…

Worried about inflation? A new breed of real assets may b…

Investors are increasingly turning to nontraditional real assets for diversification, inflation protection and yield.

Recession risks are rising, what does that mean for your…

A soft landing is still our base case. We favor positions in balanced, high quality equities and select fixed income. Consider…

The case for alternative investments

With the traditional mix of investments, the landscape has become a yield desert. Explore the benefits of alternative…

5 essential considerations for your family office to succeed

In preparing for your family’s future, these five questions may help identify areas of focus in leading your family office’s…

Spotlight on Family Governance – Sustainable impact

In this episode of our ‘Spotlight on Family Governance’ series we are talking with Frederic Hoffmann from the Mava Foundation.…

Spotlight on Family Governance – Entrepreneurship Across…

In this episode of our ‘Spotlight on Family Governance’ series we are talking with Rodolfo Paiz, CEO, Fidelius. Rodolfo was an…

Year-end tax planning: 5 actions to prepare for the 2022…

Now is the time for you to take steps that might minimize your tax bill.

Here’s why you want to stress test your estate plan now

A quick guide to what you may want to examine—and when.

Four strategies for impactful disaster relief giving

Natural disasters have increased in intensity on a warming planet, presenting new challenges to governments, disaster…

Moving abroad: How to navigate wealth planning as an expat

Why is it important to align residence and wealth planning strategies?

Why taking RMDs on time is so important

Understand your options, the rules to follow and penalties to avoid when taking required minimum distributions.

Retirement: Planning for what's next

How do you want to use your resources—your time and your wealth—in a life chapter that can span many decades? First, make a plan.

Trusts: 3 myths and the real story behind them

Make sure you understand the facts before you set up a trust.

Do you have a plan for assets that will outlast you?

Making deliberate choices now can help create the legacy you envision—and may avoid unintended consequences

Irrevocable trusts: What beneficiaries need to know to…

First and foremost, understand how taxes will impact the distributions you receive—before they’re paid.

10 tips to help you make the most of your 2022 year-end…

This year, you’ll want to start getting your financial house in order as early in the fall as possible.

All of your wealth in one stock— are you at risk?

The answer, especially when markets are volatile, is: “Yes.” But there are some steps you might consider taking right away.

Spotlight on Family Governance – Family perspectives

In this episode of our ‘Family Perspectives on Family Governance’ series we are talking with Meghan Juday, Chairman Ideal…

Help your teens and young adults get on the financial…

Make “financial fitness” part of their back-to-school program with these simple exercises.

Taking the next steps in your entrepreneurial journey

We explore how late-stage tech entrepreneurs can prepare for the future, from planning their business exit to redefining their…

Three ways you can help your teenager make the most of a…

It’s not too soon to plan. Start by helping your student articulate their goals for the year.

Retirement planning? Even multimillionaires can run out o…

Spending a standard 4% annually might put your portfolio at risk, given the prospect of lower investment returns and higher…

Family gathering have you wondering how to help the next…

Perhaps it’s time to write a “letter of wishes”—or to update a letter you already have in place.

Three steps for tax-savvy portfolio withdrawals

When it comes to decumulation, where should you pull assets from first?

Love and money: How to be open and honest about finances

Some couples avoid talking about wealth. But frank conversations can bring you closer together.

Transferring wealth to family: When is the best time for…

Here’s a framework to help you weigh the risks and opportunities of making substantial gifts to loved ones during your lifetime…

To better benefit your heirs: Give sooner, rather than later

If you can afford to give away assets during your lifetime, giving to your heirs while you are alive has decided advantages.

Make the most of your company stock, today and tomorrow

Have you fully explored the wealth management opportunities inherent in a concentrated position in a single stock?

How much cash is too much cash?

Are you set up to maintain your lifestyle—for life?

Your strategy may be sound, but it may need some adjusting. Here’s how to plan for your spending needs in any market cycle.

To spend your assets well when you retire—confront your…

Moving from saving to spending as you retire requires changing strategies, confronting biases, and building new spending plans…

Preparing young adults for wealth takes a runway

For young adults to emerge as family leaders, ages 20-35 are crucial. And during this time, there’s much you can do to help the…

Help your children make a great plan for their lives

See our tips for speaking with—and empowering—adult children and grandchildren

Cash: How much do you really need on hand?

Do you have too much, or too little, in cash reserves? Behavioral biases may be influencing your decision making.

Tax alpha: 3 steps to take today to improve your portfoli…

Are you doing all you can to save on U.S. taxes?

Overfunding a 529 plan? The results may surprise you

A 529 is a tax-efficient way to pay for college—to a point. Beware of the tax implications and know there may be other good…

For you, is it a "great resignation" or just a "great…

If you’re thinking of a big change, ask us to analyze all your possibilities. Our insights may liberate, surprise and…

The bucket list: How to organize your money with intent

Are we always rational about money? When we think about money, the value we assign to it may not always align with our intentions.

The power of intent

Identifying the approach to your wealth can help you navigate through volatile times.