Insights

Equities are back up. Learn how you can maximize your…

If you’re thinking about rebuilding your equity exposure, now may be an opportune time. But be sure to take the most…

Barbie or Oppenheimer—what’s on the market’s big screen?

Some parts of the economy may be giving Oppenheimer vibes but stocks are rallying like it’s a Barbie world.

Summer brings in a new wave of optimism

The latest economic indicators have inspired a new vibe. But will this rising tide lift all boats?

Simple and effective: 3 ways to save on U.S. taxes

Have the right types of accounts. Match asset and account types well. Withdraw funds from different accounts in the right order.

Investors shouldn’t be surprised if these 3 things happen…

Prepare yourself for a possible all-time S&P 500 high*, global manufacturing rebound and U.S. election static.

Mr. Toad's Wild Ride: The impact of underperforming 2020…

The impact of underperforming 2020 and 2021 US IPOs.

Investing in a changed world of shortages and oversupply

To make sense of elevated interest rates, rolling recessions, supply issues and a tech revolution, you may need to apply a new…

Have you missed the market rally?

Indicators such as this week’s milestone inflation print, strength in corporates and a new era of capex spending may show there…

Bull market? 5 signs things could be getting better

With markets higher so far this year, have you missed the rally? We don’t think so. In fact, we see several reasons why…

Why passive investing may not be enough—and how to do more

Exchange-traded funds are popular. But a tax-managed separately managed account may serve you better

The energy transition is ramping up. Investors should tak…

The U.S. government is supercharging clean energy spending and some sectors may see increased profitability. Here are a few…

Letters to the Editor

Letters to the Editor. To start, some comments on mega-cap stocks and artificial intelligence during the narrowest market…

The opportunity in renewed U.S. industrial policy

In the wake of globalization’s grim consequences, three new laws seek to reindustrialize the heartland.

The case for alternative investments

Explore the primary roles alternatives play in a portfolio and why more investors are considering them.

Too Long at the Fair

Time to retire the US/Emerging Markets barbell for a while.

Market Thoughts: Holding the reins tight

Recent abrupt market moves, the U.S. economy stuck in a holding pattern, and a bumpy road ahead. Our response: to be even more…

What we're targeting now in Alternatives

Explore the areas that we’re most excited about and how they may help you meet your goals.

ChatGPT: The start of the AI revolution

Reaching 1 million users quicker than any other application, ChatGPT's rapid ascent has raised some fundamental questions about…

Oh, The Places We Could Go

A recent article in the South China Morning Post was entitled “End of dollar dominance will also spell demise of US hegemony”. …

Invest in global infrastructure to hedge and help build a…

Infrastructure has the potential to provide inflation protection, income and resilience in uncertain times.

Debt ceiling: Déjà vu?

With the government up against its spending limit, negotiations are brewing in Congress. Investors’ best move now? Stay the…

Looking to buy or sell a house in today’s strange U.S.…

Disruption sparked by COVID-19 looks likely to play itself out relatively soon. But each area’s story will probably be…

The bull and bear cases for 2023

From the global economy to stocks and bonds, investors consider the path forward for a market that’s looking much different thi…

Are banks vulnerable to a crisis in commercial real estate?

Fears are rising about regional banks’ exposure to commercial real estate loans. How worried should you be?

Frankenstein's Monster

Frankenstein’s Monster: banking system deposits and the unintended fallout from the Fed’s monetary experiment; commercial real…

Why 2023 may still be good for private markets

As market volatility pushes down valuations, now may be the time to think about investing.

13th Annual Energy Paper

Renewables are growing but don’t always behave the way you want them to.

From the notebook to the cloud: How EdTech is…

While covid-19 sparked a demand for all types of digital educational experiences, investors’ interest in ventures that support…

Silicon Valley Bank failure

One of these things is not like the other, and that thing is Silicon Valley Bank.

Three steps you can take to maximize tax alpha

Tax loss harvesting strategies offer an efficient way to reduce your tax bill - here are three ways to keep the tax benefits…

Will China’s “Two Sessions” be a turning point?

In this note we assess how China’s recovery is progressing, while reiterating our views on the economy and markets.

A shift in market leadership

We expect real economy stocks to outperform digital growth stocks over the coming decade.

The evolution of a crisis – how can philanthropy help?

When working with philanthropists on humanitarian relief, we often encourage them to think about the traditional trio of ‘relie…

The Future of Food is Coming Fast

How might you invest in global food market innovations that are designed to feed the world?

A new monetary regime in Japan?

Today’s Asia Strategy Weekly is focused on the potential impact of the recent BOJ governor nomination, and how investors may…

Winter Heating

US economy stays warm, large language model battles get hot.

5 fixed income strategies for a new market era

You can find higher yields and better protection against recession and equity declines in a variety of fixed income strategies…

Looking to reduce or eliminate state taxes on your trusts…

Where a trust “lives” might make a big difference financially to your beneficiaries.

How do we position U.S. equities?

In today’s Asia Strategy Weekly we take a closer look at the latest earnings results and discuss our favored ways to position…

Are cash and T-bills really your best bet now?

Think twice about how much you want to hold in cash and cash equivalents this year.

Market Thoughts: A glimmer of hope

CIO Richard Madigan assesses the current state of the economy and markets—and shares how we are positioning portfolios now.

How strong is China’s reopening recovery?

This week’s strategy question is focused on the consumption recovery in China.

How do you trade USD weakness?

This week’s strategy question is focused on the reversal of dollar strength.

Private growth equity downturn may be your opportunity to…

And historically, there’s been a reward for staying the course in the asset class.

5 facts for investors to consider

Bond market boom. Housing finding a footing. Europe’s surprise strength. Here are a few compelling market moments for the week.

What is driving the shift to a circular economy in today'…

Three catalysts are driving the transition to sustainable practices—creating new momentum for companies that reduce, reuse and…

American Gothic

The Federal debt and how the Visigoths may try to break the system if no one fixes it.

Revisiting the 60/40 stock-bond portfolio strategy

It’s a great time to put capital to work. By repositioning your assets, you can take advantage of return of the classic 60/40…

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.

Outlook 2023: See the potential

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

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. …

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…

Little Red Wagon

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

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.

Reruns

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

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. 

What are the opportunities in smart agriculture in Latin…

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

The Risks of Concentrated Stocks in Asia

“While concentrated stock positions can create substantial wealth, there is also a high probability of dramatic losses that hav…

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…

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.

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…

Independence Days

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

Dearly beloved

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

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…

12th Annual Energy Paper

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

The Tide Goes Out: Growth Trade Aftermath

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

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…

Surveying the Damage

Surveying the Damage: Russia’s recurring war on Ukraine, equity market declines and the opportunity for bottom-fishing investor…

China and the Russian invasion of Ukraine

China and the Russian invasion of Ukraine; full steam ahead for the Fed; the paths not taken.

Russia/Ukraine update: energy implications

The brief note covers the price Europe is now paying for allowing its energy reliance on Russia to reach extreme levels, and th…

Risk unwind, supply chains and the Ukraine

Tracking the market risk unwind; Supply chain update; Ukraine; Invasion of the COVID Body Snatchers.

The Maltese Falcoin

On cryptocurrencies and the blockchain

Which companies will lead the next generation of disruptors?

We explore three key areas where investors can look to capture potential gains.

Eye on the Market Outlook 2022 – Reflation: Endgame

A look at the consequences of reflation for equity markets that are already pricing in plenty of good news.

Manchin and the reconciliation bill

You have all seen the news articles by now. The short version: Pelosi encouraged House Democrats to pass a bill that Manchin…

2021 Holiday Eye on the Market: The Middle Ages

On equity markets, the Lombards, SPAC investors, Bone-setters, George Washington, COVID bots and Omicron

Thanksgiving Eye on the Market: “The Thing”

Some things just cannot be talked about. So in this year’s Thanksgiving piece, I wrote about something else.

Help Wanted

Topics: Labor shortages, the issue of Taiwan and an update on the most over-indebted US states

Dude, Where’s My Stuff?

The global supply chain mess will require increased vaccination and acquired immunity, semiconductor capacity expansion and the…

Your Fall 2021 syllabus

Greetings students. We look forward to seeing you back on campus. Your Fall 2021 syllabus is attached. Syllabus update: Biology…

Spaccine hesitancy

Topics: if people avoided SPACs instead of avoiding COVID vaccines, the US would be both wealthier and closer to herd immunity…

Red Med Redemption

Red Med Redemption: A visual depiction of politics, ideology, vaccine resistance and the Delta variant. Other topics: US…

Thy Brother's Keeper

Topics: Delta variant; the Fed as firefighter and arsonist; US-China economic divorce picks up steam; and a unified theory of…

Food Fight: 2021 private equity update

Every two years, we take a close look at the performance of the private equity industry given its rising share of institutional…

An investor's look at the China recovery

Topics: An investor’s look at China’s recovery, the Sinopharm vaccine and the importance of scientific methods

Inflation. Duh!

This Eye on the Market addresses questions we’re receiving on markets, inflation, rates and capital gains taxes, and concludes…

Eleventh Annual Energy Paper 2021

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

Absolute Value

Biden goes for broke on growth, driving coincident and leading indicators to all-time highs; the Value recovery and where it…

The Smalligarchy

How the narrowest political margins in decades could deliver one of the biggest taxation and spending increases in the post-war…

Don't get burned by scams on your summer holiday

Summer brings sun, fun and relaxation, but it can also bring scammers. When planning your vacation, be sure to leave these…

Looking to buy or sell a house in today’s strange U.S.…

Disruption sparked by COVID-19 looks likely to play itself out relatively soon. But each area’s story will probably be…

How your money can make more…of you

Financial planning isn’t just about managing your assets. It’s the key to having a life of meaning, purpose and impact

How to stop cybercriminals at your digital doorstep

Follow these steps to reduce risks for small businesses and family offices.

Recognizing email threats and social engineering

Learn more about the techniques hackers use to obtain your confidential information.

Looking to reduce or eliminate state taxes on your trusts…

Where a trust “lives” might make a big difference financially to your beneficiaries.

Key actions to consider before filing your U.S. tax return

Thirteen moves that may help you optimize your 2022 return and set up for 2023.

Prenups have a bad reputation. They shouldn't.

A prenuptial agreement is a planning tool—and both parties can benefit.

Dating or defrauding? What to know about romance scams

With Valentine’s Day upon us, it is the opportune time for fraudsters to strike. Explore how you can protect your loved ones…

Are you in the (super-hot) market to buy a private jet?

Given today’s market realities, you’ll want to consider these best practices.

Is your permanent life insurance policy’s cash value stil…

Market volatility may impact the health of your life insurance policy. Here’s how U.S. clients can evaluate whether their polic…

Asia Pacific Top 100 Women-Powered, High-Growth Businesse…

The report, developed in partnership with Ernst & Young, recognizes women leaders behind some of the region’s highest-growth…

Spotlight on Family Governance – Engaging the Next…

In this episode of our ‘Spotlight on Family Governance’ series we are talking with Basma al Zamil - a 3rd generation member of…

An FAQ on Rule 10b5-1: What the amendments mean for insiders

The rules governing the plans that help insiders transact in company stock are now final. Get the answers to the most common…

Passing on the business gene: Nurturing an entrepreneuria…

One of the biggest contributors to the success of a family business is the ability to continue to innovate throughout…

Protecting yourself online this Lunar New Year

It is a little-known fact that fraud and online scams are more likely to occur on Fridays and before holidays. In the lead-up t…

Are you thinking of moving to a new U.S. state this year?

Beyond living costs, school quality, healthcare and culture, consider the financial impact—and what you need to do about it.

3 steps to making a philanthropic impact in volatile markets

With the shift our financial markets have seen this year, it’s tempting to pause or reduce giving. But your contributions are…

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

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

Paris Photo: looking at the world through a different lens

As J.P. Morgan Private Bank celebrates 11 years of partnership with Paris Photo, we invite you to explore the highlights of our…

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.

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.