Analysts from J.P. Morgan Global Research take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.
Episodes
Thursday Apr 14, 2022
Thursday Apr 14, 2022
Natasha Kaneva is joined by Greg Shearer to discuss the latest news across base and precious metals. European smelter curtailments and dwindling available LME inventories of zinc has sparked supply security fears in yet another industrial metal. How concerned should industrial consumers be? Moreover, the pair discuss the impact of the LPPM’s suspension of Russia’s two PGM refineries and whether or not gold will ever trade on real-yield fundamentals again.
Speakers
Natasha Kaneva, Head of Global Oil and Commodities Research
Gregory Shearer, Head of Metals Research
This podcast was recorded on April 14. 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4057950-0, https://www.jpmm.com/research/content/GPS-4061524-0, https://www.jpmm.com/research/content/GPS-4060660-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Friday Apr 08, 2022
Friday Apr 08, 2022
Natasha Kaneva is joined by Shikha Chaturvedi and Ted Hall to discuss the latest critical announcements in the energy sector. On the one hand, European intentions are in place to diversify nearly 80% of Russian oil and gas imports, while the EU ban on coal offers a new twist to the Russian energy saga as coal remains a vital balancing mechanism for the European energy system. On the other hand, the IEA further SPR releases ease short term balance but looking forward, global producers will likely need to ramp up investment to fill the Russia-sized supply gap and restock IEA strategic reserves.
Speakers
Natasha Kaneva, Head of Global Oil and Commodities Research
Shikha Chaturvedi, Head of Global Gas Research
Ted Hall, Vice President of Global Oil Research
This podcast was recorded on April 8, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4047856-0, https://www.jpmm.com/research/content/GPS-4054322-0, https://www.jpmm.com/research/content/GPS-4055747-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Friday Apr 01, 2022
Friday Apr 01, 2022
Tracey Allen discusses the unprecedented supply side uncertainty across global grain markets that continues to fuel heightened volatility and to weigh on liquidity across exchanges. On the consumption side, the durability of grain and oilseed demand at current elevated price levels is being questioned, not least with rising COVID lockdowns across China; however, historical elasticity relationships suggest there is limited room for destruction of wheat demand.
This podcast was recorded on 31 March 2022.
This communication is provided for information purposes only. Institutional clients can view the related reports at
https://www.jpmm.com/research/content/GPS-4046356-0
https://www.jpmm.com/research/content/GPS-4040956-0
https://www.jpmm.com/research/content/GPS-4036864-0
https://www.jpmm.com/research/content/GPS-4029378-0
for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Thursday Mar 31, 2022
Thursday Mar 31, 2022
Jonny Goulden and Saad Siddiqui discuss the implications for EM fixed income markets of the US yield curve inverting and what this means for EM’s cyclical investment environment.
This podcast was recorded on March 31, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4049035-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Wednesday Mar 30, 2022
Wednesday Mar 30, 2022
Meera Chandan and Ben Shatil from FX strategy discuss recent drivers of USD/JPY and make the case for a still-bullish stance in the pair. The overall outlook for FX markets is also discussed, with the main themes being higher US yields, softer euro bloc growth and higher commodity prices.
This podcast was recorded on 30th March 2022
This podcast was recorded on date.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4043674-0 and www.jpmm.com/research/content/GPS-4047356-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Monday Mar 28, 2022
Monday Mar 28, 2022
Our annual report on challenges to achieving gender parity takes stock on scarring that will outlast the pandemic. Female labor force participation declined at historic rates during the 2020 “She-cession”, as women bore disproportionate responsibility for childcare at all income levels, and while it is inching back in the US, it remains 1.2% below February 2020 levels. Women in EM lag DM by an even wider margin across all metrics. In the meantime, gender-sensitive emergency measures are being rolled back, and if no action is taken to institutionalize policies, the impact to global GDP growth in 2030 could be at least $1trn. Tight labor market conditions have contributed to a decline in the unadjusted gender pay gap in the US (16.9% in 2021), EU (14.1%) and UK (12.4%). However, companies with women at the top were better poised to weather the crisis. Female board representation for the Russell 3000 has reached 25%, but meaningful gains at the C-Suite were harder to achieve.
Speakers
Trang Nguyen, Head of EM Sovereign Strategy
Joyce Chang, Chair of Global Research
Fiona Greig, Co-Head of the J.P. Morgan Chase Institute
Amy Ho, Strategic Research
Stella Y. Xu, Executive Director, Strategic Research
This podcast was recorded on March 25, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4019923-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Friday Mar 25, 2022
Friday Mar 25, 2022
We discuss the state of the securitized products market after meaningful repricing in Q1 2022. We revise spread targets, issuance across all products and touch on home price affordability challenges.
Speakers
John Sim, Securitized Products Research
Nick Maciunas, Securitized Products Research
Kaustub Samant, Securitized Products Research
Chong Sin, Securitized Products Research
Amy Sze, Securitized Products Research
This podcast was recorded on March 22, 2022.
This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Thursday Mar 24, 2022
Thursday Mar 24, 2022
Jonny Goulden and Saad Siddiqui discuss the lessons for the broader EM fixed income markets after a month of the Russia/Ukraine war which has exacerbated existing trends but also highlighted vulnerabilities for some.
This podcast was recorded on March 24, 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at www.jpmm.com/research/content/GPS-4042403-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.
Wednesday Mar 23, 2022
Wednesday Mar 23, 2022
One week ago the Fed began raising interest rates, signaling a more significant tightening path than previously anticipated, and yet US credit markets rallied strongly afterwards. In this discussion we review the performance and trends before and after the Fed meeting for the Investment Grade, High Yield, Leveraged Loan and CLO markets. There has been a strong divergence in returns, fund flows and bond issuance across these markets YTD which we discuss. Our outlook for returns from now until year-end is positive across all four markets, with High Yield expected to lead and CLOs lag. Eric Beinstein (Head of US Credit Strategy) moderates the discussion, with Nelson Jantzen (High Yield and Leverage Loan Strategy), Rishad Ahluwalia (CLO Strategy) and Nathaniel Rosenbaum (High Grade Credit Strategy).
Speakers
Eric Beinstein, Head of US Credit Strategy
Nathaniel Rosenbaum, High Grade Credit Strategy
Nelson Jantzen, US High Yield & Leveraged Loan Strategy
Rishad Ahluwalia, Securitized Products Research
This podcast was recorded on March 23, 2022.
This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2021 JPMorgan Chase & Co. All rights reserved.
Wednesday Mar 23, 2022
Wednesday Mar 23, 2022
Meera Chandan and Arindam Sandilya from FX Strategy discuss the recent China and Fed developments and implications for the FX macro landscape.
This podcast was recorded on 23 March 2022.
This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4037742-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2022 JPMorgan Chase & Co. All rights reserved.