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Michael Cembalest

Chairman of Market and Investment Strategy for J.P. Morgan Asset & Wealth Management

Michael Cembalest chairs the Market and Investment Strategy group, and is responsible for the development of market and investment insights across the firm’s Institutional, Funds and Private Banking businesses.

Mr. Cembalest also serves on the J.P. Morgan Asset & Wealth Management Investment Committee. He previously served on the Investment Committee for the J.P. Morgan Retirement Plan for the firm’s more than 256,000 employees. He was most recently Chief Investment Officer for the firm’s Global Private Bank and, prior to that, served as head strategist for Emerging Markets Fixed Income at J.P. Morgan Securities. Mr. Cembalest joined J.P. Morgan in 1987.

He holds an M.A. from the Columbia School of International and Public Affairs and a B.A. from Tufts University.

Read insights from Michael

Economy & Markets Apr 13, 2026

Misanthropic

Misanthropic: on Mythos, bad human behaviors and systems vulnerabilities

Economy & Markets Apr 6, 2026

Salem’s Lot: Gulf War update; the Purge of senior US military officers; a US fossil fuel reliance fever dream

Salem’s Lot: an update on the Gulf War. Topics include international commodity price pass-throughs to the US, the limits of energy…

Economy & Markets Mar 21, 2026

Pandora’s Bog: the global energy shock of 2026

The last 48 hours have seen an escalation in attacks on Gulf energy infrastructure.

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