Insights

Why considering business ethics makes good investing sense

Strong management of business ethics can be a source of shareholder value

Investing for a world in transition

You may need different kinds of diversification to boost potential returns.

Are markets ignoring the geopolitical risks?

Markets seem well aware of the risks, but history tells us that economic activity and the business cycle can matter more.

Smarter portfolios for a world in transition

You may need different kinds of diversification to boost potential returns.

New York, Just Like I Pictured It

A comparison of NYC to 21 other US cities with respect to urban recovery, commercial real estate, mass transit, crime,…

Crisis in the Middle East: Assessing potential market…

As the conflict in the Middle East continues to unfold, we can look to history to help understand the potential economic and…

How serious are U.S. fiscal woes – and how can investors…

Stay informed. Also consider increasing your tax efficiency and adding real assets to your portfolio.

How to understand (and invest for) the threat of greater…

We believe investors should pay attention to fiscal risks. Here’s why—and the actions you might take.

Taking stock: Why there’s good value in the market now

Every volatile period in markets has a main character. During this episode it’s been U.S. Treasury yields—but in volatility…

Can markets climb the wall of worry?

From government shutdown fears to surging bond yields, there’s plenty for investors to fret about—but there’s also reason for…

What was I made for: Large Language Models in the Real World

I asked Chat GPT-4 questions on economics, markets, energy and politics that my analysts and I worked on over the last two year…

Should you stay stashed in cash?

With the Fed keeping rates “higher for longer,” cash may look competitive right now. But cash comes at a cost, and other assets…

Why we think now is a good time to invest, in 6 charts

Today’s cash yields won’t last forever. Stocks could push toward new highs, and higher yields can be locked in.

Uncovering opportunities in stressed commercial real estate

Higher rates and scarcer credit make it a tough time for commercial real estate owners—and potentially a good time to invest in…

Market Thoughts: Start Making Sense

Markets haven’t seemed to make much sense this year. They’re starting to make sense again.

Gas prices are going up: Should you be worried?

While risks remain, we think prices could ease in the months ahead. To us, this means the consumer should be okay and inflation…

Can private credit continue to perform?

We think so—and see an unusual opportunity for investors as measures of risk decline, yet compensation, in the form of yield,…

Catalysts through year-end: 5 things to watch for

From the Fed to risks of reaccelerating inflation and a government shutdown, here are the main catalysts that we think will…

3 principles to guide investors through year-end and beyond

Going back to basics can help keep your portfolio on track.

3 principles to guide investors through year-end and beyond

Going back to basics can help keep your portfolio on track.

Investing in Japan’s bright spots: Tourism and batteries

We see opportunity in select sectors, but we do not expect Japan’s stock market to boom or its bond yields to increase…

Can 2023 still finish strong? Cues from Wall Street to…

Here’s what some key players are telling us about the economy.

The good, the bad and the volatility: What investors migh…

Shifting consumer behavior, IPO activity, labor strikes and more might not be getting the attention they deserve.

The first rule of philanthropy: Know your “why”

Having a clear idea of the impact you hope to achieve is the best starting point for a process that is rewarding—and often…

Bonds can be a powerful tool to support your portfolio—an…

They can serve as an essential ballast while helping you achieve your social and environmental goals.

U.S. debt downgrade: Should you be worried?

There are long-term challenges from high and growing U.S. debt, but Fitch’s downgrade doesn’t change our outlook for stronger…

The Rasputin Effect: Global resilience to higher rates

Explaining global economic and equity market resilience.

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.

The case for alternative investments

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

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…

The Risks & Rewards of a Concentrated Stock Position

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

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…

Are you putting your cash to work?

Yield for liquid investments is higher—and may help soften the bite inflation can take out of your assets.

How to invest in the global energy transition

For global companies to be on track for a net-zero carbon economy by 2050, investments will need to accelerate considerably, no…

3 actions to help optimize your portfolio in today’s…

Increase your liquidity’s potential to generate greater returns. Put the right assets in the right types of accounts. And…

Recession? Some signs say not so fast

The labor market is humming and consumers are still spending. Slowdown or not, we see opportunity.

Halftime report: 2023 in review, so far

Markets have powered through an array of challenges this year. Looking ahead, we see more opportunities.

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…

Digesting the Fed’s ‘pause’

The most aggressive rate tightening cycle in decades is now on hold, but are there more hikes coming than expected?

Invest in global infrastructure to hedge and help build a…

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

Letters to the Editor

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

Why a barbell bond strategy works today

Fixed income securities are offering returns that are hard to ignore and present a potential opportunity to not only lock in…

The opportunity in renewed U.S. industrial policy

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

Why 2023 may still be good for private markets

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

Too Long at the Fair

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

Private market growth and innovation have only just begun

Despite a temporary slowdown in growth companies, we have strong conviction in select areas of technology.

Could too much fixed income be a bad thing?

Taking advantage of the highest yields in a decade was smart, but long term, being underweight equities could hurt your chances…

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.

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”. …

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?

Investing in the future of food supply chains

Consider this potential global megatrend—a potential opportunity for attractive returns and to address a top planetary threat

2023 report card: Portfolios show resilience amid bank…

Markets are powering through turmoil, but is a recession looming? Find out what we got right, what we missed, and what the rest…

Frankenstein's Monster

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

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…

A shift in market leadership

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

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.

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.

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.

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. …

The Agony & The Ecstasy

The risks and rewards of a concentrated stock position.

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.

How to use your portfolio to amplify your charitable impact

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

Arrested Development

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

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…

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…

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

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

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

Surveying the Damage

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

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

Passing the Torch: Life Insurance in your Estate Plan

How can families leverage life insurance to transfer wealth?

The first rule of philanthropy: Know your “why”

Having a clear idea of the impact you hope to achieve is the best starting point for a process that is rewarding—and often…

Broadening the Family’s Decision-Making Circle

How to equip your children to take on future roles and responsibilities.

Euromoney names J.P. Morgan “World’s Best Private Bank"

Prestigious annual award recognizes J.P. Morgan Private Bank’s service to clients by voting us as the best globally and awardin…

How to find meaning and purpose in a life of plenty?

For next-generation family members: Find your way forward by developing these four core competencies.

Navigating Aging: How to plan for “what if?”

These six planning steps can help you and your family members manage the challenges that often come with aging.

Family Planning: The secrets of ‘Succession’

Learn how HBO’s hit TV show ‘Succession’ highlights the importance of proactive family wealth planning. Covering topics such as…

Get to know Bola Oyesanya, Head of the Private Bank’s Law…

A lawyer by trade, Bola has been in Private Banking for over 20 years with deep expertise working with law firms and partners.…

Do you have the right amount of cash for you?

We put together some tips and insights to help you think through a potential liquidity strategy in this changing environment.

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.

Moving to Dubai: What you need to know

Dubai has become a very attractive destination for entrepreneurs, highly skilled professionals, investors and their families.

Cultivating Leadership: How to be an effective nonprofit…

Serving as a nonprofit board member requires intellectual passion and professionalism.

Four mistakes with life insurance you don’t need (or want…

Permanent or term, purchasing insurance can be distressing and mind-boggling—but oh-so-necessary for your family’s future…

Overfunding a 529 plan? The results may surprise you