Making Sense

Market Matters | Data Assets & Alpha Group: How Low Is Sentiment? And Implications for Equities

In this episode the team focus on trends in market sentiment across the globe, and assess what current sentiment says about market conditions today, in light of the regular incoming question of ‘how low is sentiment and positioning right now’. Eloise Goulder, Head of the Data Assets & Alpha Group, runs through the team’s new proprietary Bull / Bear Buzz sentiment data set, what it says about sentiment right now, how that sentiment differs by region, and what the possible implications are for market conditions today. She also runs through current readings from the wider team data toolkits, including Signal from the Noise and the Tactical Positioning Monitor. Eloise is interviewed by Edwina Lowe, Product Specialist within the Data Assets & Alpha Group.

This episode was recorded on October 6, 2022.

The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument. This podcast is intended for institutional and professional investors only and is not intended for retail investor use and is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. For additional disclaimers and regulatory disclosures, please visit: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer.

© 2022 JPMorgan Chase & Company. All rights reserved.

Market Matters | Data Assets & Alpha Group: A Discussion on Latest Developments in the UK, and the Impact on Markets

In this episode the team dives into the UK, post the new government’s mini-budget announcement and subsequent market volatility. Krupa Patel, Head of International Market Intelligence, runs through the events of the last week and assesses: the possible path forward for the UK economy, implications for UK assets, and how we can contextualize this with the DA&A Group positioning and sentiment data toolkits. Krupa is interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group.

This episode was recorded on October 3, 2022.

The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use and is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer.

© 2022 JPMorgan Chase & Company. All rights reserved.

What’s The Deal? | How to Build a $13 Billion Tech Startup

In this special episode of “What’s The Deal?” we hear about the journey of tech startup, Celonis and how it went from college startup in 2011 to reach a valuation of almost $13 billion today. The company recently raised $1 billion in funding and is now a global leader in the so-called “process mining” tech space.

Ahead of the annual J.P. Morgan Tech Stars Conference in London, Stefan Povaly, Head of J.P. Morgan in Germany sits down with Bastian Nominacher, the co-founder and co-CEO of Celonis to discuss how they got started, recent financing and plans for the future, as well as some top tips for new tech founders.

This episode was recorded on September 23, 2022.

This material was prepared by certain personnel of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide and not the firm’s research department. It is for informational purposes only, is not intended as an offer or solicitation for the purchase, sale or tender of any financial instrument and does not constitute a commitment, undertaking, offer or solicitation by any JPMorgan Chase entity to extend or arrange credit or to provide any other products or services to any person or entity.

© 2022 JPMorgan Chase & Company. All rights reserved.

Market Matters | Data Assets & Alpha Group: Macro and Positioning Views – Sep 2022

In this episode, the DA&A Group discusses how investors were positioned heading into the CPI print and the key near-term catalysts going forward. They also discuss what positioning and flows suggest for market direction. Positioning assesses the data across the team’s Prime book (i.e. from Hedge Fund clients) as well as other investor types such as Retail, CTAs, and in ETFs. The episode features John Schlegel, head of Positioning Intelligence and Andrew Tyler, head of US Market Intelligence. This follows the team’s previous podcast on investor behavior amid the rally with Eloise Goulder, Head of Data Assets & Alpha Group, and the Positioning Intelligence team.

This episode was recorded on September 19, 2022.

The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use and is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer.

© 2022 JPMorgan Chase & Company. All rights reserved.

Market Matters | Data Assets & Alpha Group: Is It Time to Look Past the “Bad News” in Europe?

In this episode the team dives into European markets, interviewing Krupa Patel, Head of the International Market Intelligence team within the Data Assets & Alpha Group. Krupa addresses the tactical risk reward for the European region in the context of ongoing gas supply concerns, a new Prime Minister in the U.K., fiscal stimulus announcements across various European countries and growing hawkishness from central banks including the ECB. Krupa is interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group.

This episode was recorded on September 14, 2022.

The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use and is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer.’

© 2022 JPMorgan Chase & Company. All rights reserved.

Market Matters | Data Assets & Alpha Group: Delving Into the Long Run

In this episode the DA&A Group dive into the very long run, interviewing Fredrik Giertz on his ‘Strategic Index Fundamental Toolkit’, or SIFT data set. This data set, developed by Fredrik and within J.P. Morgan’s Equity Structuring business, leverages data back to the early 1960s, and Fredrik discusses how that data can help contextualize markets today in a regime of elevated inflation and a potential aggressive hiking cycle from Western Central Banks. He also discusses the merits of forecasting market behavior using classical vs machine learning quantitative techniques. Fredrik is interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group.

This episode was recorded on September 7, 2022.

The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument.  This podcast is intended for institutional and professional investors only and is not intended for retail investor use and is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions.  J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed.  For additional disclaimers and regulatory disclosures, please visit: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer.’

© 2022 JPMorgan Chase & Company. All rights reserved.

What’s The Deal? | Conversations with Dealmakers: Carlos Hernandez

As part of our What’s The Deal? podcast, we’ve launched “Conversations with Dealmakers,” where colleagues share their journeys in investment banking.

In our first episode, Carlos Hernandez, Executive Chair of Investment & Corporate Banking at J.P. Morgan, speaks to Catherine Guan from J.P. Morgan’s Corporate Finance Advisory team about his experiences at J.P. Morgan spanning over three decades. They talk about some of the defining moments along the way and what it takes to become a trusted advisor.

This episode was recorded on September 7, 2022.

This material was prepared by certain personnel of JPMorgan Chase & Co. and its affiliates and subsidiaries worldwide and not the firm’s research department. It is for informational purposes only, is not intended as an offer or solicitation for the purchase, sale or tender of any financial instrument and does not constitute a commitment, undertaking, offer or solicitation by any JPMorgan Chase entity to extend or arrange credit or to provide any other products or services to any person or entity.

© 2022 JPMorgan Chase & Company. All rights reserved.

Market Matters | Data Assets & Alpha Group: How Much Have Investors Bought Amid the Rally?

In this episode the DA&A Group focus on how much investors have bought the market rally through mid-June to August, assessing their data across different types of Hedge Funds (e.g. quants vs. fundamental equity long/short funds), ETFs, the Retail investor and CTAs.  They also look into the extent to which the rally has been a ‘pain trade’, and what the flows and positioning data points say about near-term market direction.  This episode features Jigar Vakharia and Daniel Landau within the Positioning Intelligence team, interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group.  This follows the team’s previous podcast on positioning with head of Positioning Intelligence, John Schlegel (12^th July 2022).

This episode was recorded on August 22, 2022.

The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co and its affiliates (together “J.P. Morgan”), are not the product of J.P. Morgan’s Research Department and do not constitute a recommendation, advice, or an offer or a solicitation to buy or sell any security or financial instrument. This podcast is intended for institutional and professional investors only and is not intended for retail investor use and is provided for information purposes only. Referenced products and services in this podcast may not be suitable for you and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. For additional disclaimers and regulatory disclosures, please visit: https://www.jpmorgan.com/disclosures/salesandtradingdisclaimer.

© 2022 JPMorgan Chase & Company. All rights reserved.

Collateral Insights | Digital Assets and How They Can Transform Collateral Markets

Digital assets have the potential to transform the way the collateral markets operate. This episode discusses how the adoption of digital assets into the collateral ecosystem will likely play out and common misconceptions of the blockchain and digital assets.

This episode was recorded on June 27, 2022. 

This podcast is intended for institutional clients only. The views expressed in this podcast may not necessarily reflect the views of J.P. Morgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument. Referenced products and services in this podcast may not be suitable for you, and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. For additional disclaimers and regulatory disclosures, please visit www.jpmorgan.com/disclosures.

© 2022 JPMorgan Chase & Company. All rights reserved.

Market Matters | FICC Market Structure: Why Is Everyone Talking About the U.S. Treasury Market?

With all eyes on the U.S. Treasury market as policy makers look to enhance its resilience, Meridy Cleary from the FICC Market Structure team sits down with Gil Holmes, Head of Global Rates Trading, and Kate Finlayson, Head of Global FICC Market Structure, to break-down the key developments and potential impact on market liquidity.

This episode was recorded on August 4, 2022.

The views expressed in this podcast may not necessarily reflect the views of JPMorgan Chase & Co, and its affiliates, together J.P. Morgan, and do not constitute research or recommendation advice or an offer or a solicitation to buy or sell any security or financial instrument, are not issued by Research but are a solicitation under CFTC Rule 1.71. Referenced products and services in this podcast may not be suitable for you, and may not be available in all jurisdictions. J.P. Morgan may make markets and trade as principal in securities and other asset classes and financial products that may have been discussed. The FICC market structure publications, or to one, newsletters, mentioned in this podcast are available for J.P. Morgan clients. Please contact your J.P. Morgan sales representative should you wish to receive these. For additional disclaimers and regulatory disclosures, please visit www.jpmorgan.com/disclosures

© 2022 JPMorgan Chase & Company. All rights reserved.