Eye on the Market

Eye on the Market: coronavirus (COVID-19) research

Michael Cembalest, Chairman of Market and Investment Strategy, has compiled his extensive research on coronavirus. The compilation includes infection, mortality, economic and market research to date, and will be continuously updated.

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Contains audio.

Economy & Markets

Blinded by Science: the US recovery, virus surge and…

The US recovery; why deaths are diverging from rising infections; the American scientific trust gap vs the rest of the world;…

Michael Cembalest

Jul 08, 2020

Economy & Markets

Tenth Annual Energy Paper

We examine when and how renewable energy transitions might result in permanent reductions in CO₂ emissions.

Michael Cembalest

Jun 29, 2020

Economy & Markets

The Bounce

On the recovery in the economy and markets; latest updates on second waves, vaccine timetables and the Sweden experiment.

Michael Cembalest

Jun 08, 2020

Contains audio.

Economy & Markets

The Zoom Room

In this week’s Eye on the Market, we review topics from our recent client Zoom calls.

Michael Cembalest

May 26, 2020

Economy & Markets

The day after: Tracking the rebirth of the US consumer…

In this week’s note, we introduce real-time debit and credit card spending data to track the rebirth of the US consumer.

Michael Cembalest

May 19, 2020

Contains audio.

Economy & Markets

Ready or Not: The US prepares to reopen

This week, we look at the US as it prepares to reopen despite having one of the highest infection rates in the world.

Michael Cembalest

May 11, 2020

Economy & Markets

State’s Rights

The latest news on US infection trends and reopening plans, Remdesivir trial results and whether US fiscal stimulus is “enough”.

Michael Cembalest

May 04, 2020

Economy & Markets

Are we there yet?

Lockdown relaxation and economic reawakening…are we there yet? Also, a review of the latest regional antibody test results and…

Michael Cembalest

Apr 27, 2020

Economy & Markets

COVID and culture

Collectivism vs Individualism and its impact on COVID infection rates; when US states might reopen; a history of US equity bottoms

Michael Cembalest

Apr 20, 2020

Economy & Markets

The equity rally and the prospects for herd immunity

The recent equity rally and antibody tests that could signal the onset of higher levels of immunity.

Michael Cembalest

Apr 13, 2020

Economy & Markets

Man vs. nature, part II

Virus trends and head-fakes, convalescent plasma and U.S. vs. China lockdowns.

Michael Cembalest

Apr 06, 2020

Contains audio.

Economy & Markets

Man vs nature: What the government can and cannot fix

There are things the government can try and fix during a pandemic and other things which it can’t.

Michael Cembalest

Mar 30, 2020

Economy & Markets

The virus, John Stuart Mill and the road from ruin to…

How quickly countries rebound from crisis and economic hardship.

Michael Cembalest

Mar 20, 2020

Economy & Markets

The Pandemic Gap

The critical distinction between the “infected” and the “sick”, mortality rates, and important context around the Spanish Flu.

Michael Cembalest

Mar 09, 2020

Contains audio.

Economy & Markets

Berning Man

An update on the Democratic Primary, and more on COVID-19 transmission dynamics.

Michael Cembalest

Mar 04, 2020

Economy & Markets

COVID-19 Update

Severity, consequences and implications for investors.

Michael Cembalest

Feb 26, 2020

Contains audio.

Economy & Markets

Millions and Trillions

US megacap stocks and high market concentration, Democratic Healthcare plan costs, and a deep dive on the student loan crisis.

Michael Cembalest

Feb 06, 2020

Contains audio.

Economy & Markets

Rotten Tomatoes

Consensus reactions to the China-US deal are very skeptical, but may be missing the broader point.

Michael Cembalest

Jan 17, 2020

Contains audio.

Economy & Markets

Eye on the Market Outlook 2020

Our market and investment views on the year ahead as some Ghosts of Christmas Past reappear.

Michael Cembalest

Jan 01, 2020

Contains audio.

Economy & Markets

War of the Worlds

Let me explain…

Michael Cembalest

Dec 04, 2019

Contains audio.

Economy & Markets

The Armageddonists

The Armageddonists and the price of fame.

Michael Cembalest

Nov 12, 2019

Contains audio.

Economy & Markets

Warren Peace

A close look at the Progressive Agenda, China’s deteriorating welcome mat in DC and US Tech IPOs.

Oct 07, 2019

Economy & Markets

Cold Turkey

A brief comment on a proposal from leading Presidential candidates to ban hydraulic fracturing everywhere, immediately.

Michael Cembalest

Sep 13, 2019

Contains audio.

Economy & Markets

So Long Yellow Brick Road

A close look at the latest from the front lines of the Trade War.

Michael Cembalest

Sep 03, 2019

Contains audio.

Economy & Markets

Food fight at the Fed and in the Leveraged Loan market

Declining monetary policy independence, and declining protections for loan investors.

Michael Cembalest

Jul 15, 2019

Economy & Markets

Mountains and Molehills

Our annual energy paper, focusing on decarbonization challenges facing industrialized and emerging economies.

Michael Cembalest

Mar 26, 2019

Contains audio.

Economy & Markets

Short People: The market rebound, and what comes next

The market rebound: short covering, so far.

Michael Cembalest

Feb 13, 2019

Contains audio.

Economy & Markets

Rotten Tomatoes

Consensus reactions to the China-US deal are very skeptical, but may be missing the broader point.

Michael Cembalest

Jan 17, 2020

Economy & Markets

COVID: stimulus and valuations

Stimulus impact on credit and equity valuations; history of market bottoms.

Michael Cembalest

Jul 02, 2020

Economy & Markets

The Bounce

On the recovery in the economy and markets; latest updates on second waves, vaccine timetables and the Sweden experiment.

Michael Cembalest

Jun 08, 2020

Contains audio.

Economy & Markets

The Zoom Room

In this week’s Eye on the Market, we review topics from our recent client Zoom calls.

Michael Cembalest

May 26, 2020

Contains audio.

Economy & Markets

Ready or Not: The US prepares to reopen

This week, we look at the US as it prepares to reopen despite having one of the highest infection rates in the world.

Michael Cembalest

May 11, 2020

Economy & Markets

State’s Rights

The latest news on US infection trends and reopening plans, Remdesivir trial results and whether US fiscal stimulus is “enough”.

Michael Cembalest

May 04, 2020

Economy & Markets

The equity rally and the prospects for herd immunity

The recent equity rally and antibody tests that could signal the onset of higher levels of immunity.

Michael Cembalest

Apr 13, 2020

Contains audio.

Economy & Markets

Man vs nature: What the government can and cannot fix

There are things the government can try and fix during a pandemic and other things which it can’t.

Michael Cembalest

Mar 30, 2020

Contains audio.

Economy & Markets

Eye on the Market Outlook 2020

Our market and investment views on the year ahead as some Ghosts of Christmas Past reappear.

Michael Cembalest

Jan 01, 2020

Economy & Markets

Private Equity Forecast: Plenty of Dry Powder

The large amount of committed and unspent private equity capital, i.e. “dry power”, and its implications for investors.

Michael Cembalest

Nov 19, 2018

Contains audio.

Economy & Markets

The Zoom Room

In this week’s Eye on the Market, we review topics from our recent client Zoom calls.

Michael Cembalest

May 26, 2020

Contains audio.

Economy & Markets

War of the Worlds

Let me explain…

Michael Cembalest

Dec 04, 2019

Economy & Markets

Student loans: Chronicle of a Death Foretold

The predictable consequences of an erosion in student loan underwriting, and what to do next.

Michael Cembalest

Nov 17, 2019

Economy & Markets

Good luck with that

With the global stimulus cycle coming to an end, next year could look very different from this one. And then there’s 2020.

Michael Cembalest

Dec 10, 2018

Contains audio.

Economy & Markets

Blinded by Science: the US recovery, virus surge and…

The US recovery; why deaths are diverging from rising infections; the American scientific trust gap vs the rest of the world;…

Michael Cembalest

Jul 08, 2020

Economy & Markets

Tenth Annual Energy Paper

We examine when and how renewable energy transitions might result in permanent reductions in CO₂ emissions.

Michael Cembalest

Jun 29, 2020

Economy & Markets

Pascal's Wager

Our annual energy paper, focusing on the energy transitions needed to meet climate goals.

Michael Cembalest

Apr 23, 2018

Economy & Markets

Many Rivers to Cross

Our annual energy paper, focusing on the many rivers to cross on the road to decarbonization.

Michael Cembalest

Apr 17, 2017

Economy & Markets

Mountains and Molehills

Our annual energy paper, focusing on decarbonization challenges facing industrialized and emerging economies.

Michael Cembalest

Mar 26, 2019

Economy & Markets

The ARC and the Covenants 4.0

Our latest analysis of the fiscal stress facing US states.

Michael Cembalest

Oct 09, 2018

Economy & Markets

The ARC and the Covenants 3.0

The total indebtedness of US cities and counties, and the difficult choices that will be required to meet all future obligations.

Michael Cembalest

Sep 21, 2017

About the Eye on the Market

Michael Cembalest is the Chairman of Market and Investment Strategy at JP Morgan Asset Management. Since 2005, Michael has been the author of the Eye on the Market in 2005, which covers a wide range of topics across markets, investments, economics, politics, energy, municipal finance and more.

Utility Name

Goals Based Investing and Advice

Mid-year outlook: Our view of the damage and the road ahead

What is a “private bank”—really?

#SRL2020

Featured Research

Eye on the Market: coronavirus (COVID-19) research

Blinded by Science: the US recovery, virus surge and…

Tenth Annual Energy Paper

The Bounce

The Zoom Room

The day after: Tracking the rebirth of the US consumer…

Ready or Not: The US prepares to reopen

State’s Rights

Are we there yet?

COVID and culture

The equity rally and the prospects for herd immunity

Man vs. nature, part II

Man vs nature: What the government can and cannot fix

The virus, John Stuart Mill and the road from ruin to…

The Pandemic Gap

Berning Man

COVID-19 Update

Millions and Trillions

Rotten Tomatoes

Eye on the Market Outlook 2020

War of the Worlds

The Armageddonists

Warren Peace

Cold Turkey

So Long Yellow Brick Road

Food fight at the Fed and in the Leveraged Loan market

Mountains and Molehills

Short People: The market rebound, and what comes next

Rotten Tomatoes

COVID: stimulus and valuations

The Bounce

The Zoom Room

Ready or Not: The US prepares to reopen

State’s Rights

The equity rally and the prospects for herd immunity

Man vs nature: What the government can and cannot fix

Eye on the Market Outlook 2020

Private Equity Forecast: Plenty of Dry Powder

The Zoom Room

War of the Worlds

Student loans: Chronicle of a Death Foretold

Good luck with that

Blinded by Science: the US recovery, virus surge and…

Tenth Annual Energy Paper

Pascal's Wager

Many Rivers to Cross

Mountains and Molehills

The ARC and the Covenants 4.0

The ARC and the Covenants 3.0

About the Eye on the Market

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