In this episode, the DA&A Group focus on macro developments across US markets, discussing the Fed, inflation / growth data, and tactical views across sectors/factors. They also discuss what positioning and flows suggest for markets, looking at positioning across the Prime book (i.e. from Hedge Fund clients) as well as investor types such as Retail, CTAs, and in ETFs. This episode features John Schlegel, Head of Positioning Intelligence and Andrew Tyler, Head of US Market Intelligence. This e...
Feb 28, 2023•10 min•Ep. 69
In this episode, Peng Cheng, Head of Big Data and AI Strategies, explores US retail trading activity. He covers the extent to which retail investors have been buying equities amid the January market rally, the way in which they have shifted activity recently by sector and trade structure, and the market microstructure dynamics created as a result of this activity. Peng also describes the content and data sets he makes available to institutional investors through his research. Peng is interviewed...
Feb 27, 2023•23 min•Ep. 68
The passage of recent U.S. legislation, including the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS and Science Act, is expected to transform how the world creates and uses energy. Join Rama Variankaval, Global Head of Corporate Finance Advisory and Center for Carbon Transition, and Heather Zichal, Head of Global Sustainability at JPMorgan Chase & Co., as they explore how mobilizing capital at scale could reshape sectors like clean tech, startups to enterprise companies a...
Feb 23, 2023•15 min•Ep. 67
One of the biggest drivers of market structure change has been the growth of electronic trading. In this podcast, Kate Finlayson, Head of FICC Market Structure, Chi Nzelu, Head of FICC eTrading, and Andreas Koukorinis, Head of Credit and Public Finance eTrading, discuss the emerging themes surrounding electronification across asset classes. This episode was recorded on January 31, 2023. The views expressed in this podcast may not necessarily reflect the views of JPMorgan Chase & Co, and its ...
Feb 21, 2023•12 min•Ep. 66
In this episode, the group provides a deep-dive into their Signal from the Noise framework, explaining the context, framework and methodology. They also explain their recent expansion of the framework to cover Europe, China and Japan indices, and regional variations in the signals. Eloise Goulder, Head of the Data Assets & Alpha Group, is interviewed by Edwina Lowe, Data Product Specialist within the team. This episode was recorded on February 8, 2023. The views expressed in this podcast may...
Feb 14, 2023•19 min•Ep. 65
In this episode, the group dig into the YTD rally in global equities, looking at the extent to which it has been a pain trade, with shorts squeezing and popular ‘momentum’ equities underperforming. They then dive into their Global Signal from the Noise framework to assess equity signals from here. Eloise Goulder, Head of the Data Assets & Alpha Group, is interviewed by Edwina Lowe, Data Product Specialist within the team. This episode was recorded on February 6, 2023. The views expressed in ...
Feb 07, 2023•17 min•Ep. 64
This podcast explores key themes and drivers of market structure change that are likely to be top of mind for buy- and sell-side market participants. Kate Finlayson, Penn Nee Chow and Meridy Cleary discuss the FICC Market Structure team’s annual watchlist, including EU clearing dynamics, the move to T+1 settlement, the trading venue perimeter, energy markets and much more. This episode was recorded on January 31, 2023. The views expressed in this podcast may not necessarily reflect the views of ...
Feb 06, 2023•15 min•Ep. 63
How does a self-professed “accidental banker” from Australia become a Global Chair of Investment Banking at J.P. Morgan’s New York headquarters? In this episode, Jennifer Nason speaks to Catherine Guan from J.P. Morgan’s Corporate Finance Advisory team. Jennifer led J.P. Morgan’s Technology, Media and Telecommunications global client practice for more than two decades and is now a member of our Investment Banking Executive Committee. She reflects on the rapid industry changes and navigating chal...
Feb 02, 2023•17 min•Ep. 62
In this episode the DA&A Group focus on European equity markets, following the tremendous rally since September ‘22 in which the Stoxx600 has regained c.2/3rds of 2022 losses. They hone-in on reasons for the rally, sentiment in the region, and possible impediments to further market strength. In this episode Eloise Goulder, Head of the Data Assets and Alpha Group, interviews Krupa Patel, Head of International Market Intelligence. This episode was recorded on January 23, 2023. The views expres...
Jan 24, 2023•17 min•Ep. 61
Stimulus, value, capital and investment — these are the four key themes that emerged from the 2023 “10 Striking Facts” report from our Corporate Finance Advisory team and captured in our latest podcast. Rama Variankaval, Global Head of J.P. Morgan’s Corporate Finance Advisory and Center for Carbon Transition, catches up with Evan Junek from the Corporate Finance Advisory team to unpack these themes for boards, CEOs and senior management and discuss how will they impact corporate decision-making ...
Jan 19, 2023•18 min•Ep. 60
In this episode, the DA&A Group focus on US markets, discussing the macro landscape, economic expectations around recessionary risks, and inflation implications. They also discuss what positioning and flows suggest for markets and sectors, looking at positioning across the Prime book (i.e. from Hedge Fund clients) as well as investor types such as Retail, CTAs, and in ETFs. This episode features John Schlegel, head of Positioning Intelligence and Andrew Tyler, head of US Market Intelligence....
Jan 10, 2023•12 min•Ep. 59
What does it mean to be a values-driven leader? In this episode, David Rawlings, CEO for JPMorgan Chase & Co. in Canada, sits down with Johnson & Johnson’s former Chairman and CEO, Alex Gorsky. They discuss how Alex’s values-driven leadership has influenced his career, from his military service to his roles as Chairman and CEO of J&J. Ahead of the 41st J.P. Morgan Healthcare Conference, Alex shares how he led J&J by driving innovation especially during the COVID-19 pandemic. Alex...
Jan 04, 2023•30 min•Ep. 58
In this episode, the group explore markets through 2022, looking at regional and thematic performance, positioning, sentiment, and the evolving macro narrative from inflation to growth concerns. They also explore the bull / bear case for markets into 2023, and what J.P. Morgan proprietary data sets say about the outlook from here. In this episode, Eloise Goulder, Head of the Data Assets & Alpha Group, is interviewed by Edwina Lowe, Data Product Specialist within the team. This episode was re...
Dec 13, 2022•25 min•Ep. 57
Robbie Huffines, Global Chair of Investment Banking at J.P. Morgan, speaks to Catherine Guan from the Corporate Finance Advisory team about his career. Robbie first set foot in the investment banking world in 1987 and went on to lead J.P Morgan’s health care banking practice for nearly a decade. He shares the heartfelt story of why he decided to focus on this sector, how a blank tombstone can be the right move for some clients, and what’s next in the year ahead. This episode was recorded on Octo...
Dec 08, 2022•15 min•Ep. 56
How are countries and individual firms balancing climate goals amid the ongoing energy crisis? In this episode, Chuka Umunna (EMEA Head of ESG) speaks to Kate Finlayson (Global Head of FICC Market Structure) about the drivers behind ESG demand, policy to help investors decide what is “green,” emerging themes post COP27, and much more. This episode was recorded on November 21, 2022. The views expressed in this podcast may not necessarily reflect the views of JPMorgan Chase & Co, and its affil...
Dec 05, 2022•18 min•Ep. 55
J.P. Morgan has long been an advisor to large-cap companies, but what about the middle market? John Richert, Head of Regional Investment Banking, talks to Evan Junek from the Corporate Finance Advisory team about the unique challenges and opportunities facing mid-cap companies. From valuation and capital raising to monetization and M&A strategy, how does J.P. Morgan’s regional investment banking model support clients through macroeconomic headwinds? This episode was recorded on November 21, ...
Dec 02, 2022•18 min•Ep. 54
In this episode, the team focus on the strong rally in European equities from the late September lows, and whether it is sustainable. Krupa Patel, Head of International Market Intelligence, discusses the key drivers of this rally, how investor positioning has evolved and why it may be challenging for European equities to continue outperforming against a backdrop of growing recession & inflation headwinds. Krupa is interviewed by Eloise Goulder, Head of the Data Assets & Alpha Group. This...
Nov 29, 2022•20 min•Ep. 53
In this episode, Liz Myers, Global Chair of Investment Banking, Equity Capital Markets, speaks to Catherine Guan from J.P. Morgan’s Corporate Finance Advisory team, about her journey from analyst to seasoned dealmaker at J.P. Morgan. Hear from Liz about the deals that transformed her career, the industry’s evolution through the dot-com bubble, the financial crisis and pandemic, and her advocacy for women in the workplace. This episode was recorded on October 10, 2022. This material was prepared ...
Nov 17, 2022•18 min•Ep. 52
In this episode, Peng Cheng dives into retail investor behavior and recent retail trading activity. Retail activity has grown enormously since the start of COVID, which begs the questions: why did this happen? what can we learn from the retail investor? And most importantly, what is the retail investor doing right now amid weak YTD performance but a recent rebound in equity markets. Peng is Head of Big Data & AI Strategies in the J.P. Morgan Research department. He is interviewed by Eloise G...
Nov 14, 2022•22 min•Ep. 51
Why is SA-CCR often referenced when it comes to FX swaps and forwards? With the first year of mandatory SA-CCR application by US banks almost behind us, Kate Finlayson, Global Head of FICC Market Structure and Scott Wacker, Global Head of FICC eSales discuss the implications and opportunities of this rule with Meridy Cleary from the FICC Market Structure team. This episode was recorded on November 1, 2022. The views expressed in this podcast may not necessarily reflect the views of JPMorgan Chas...
Nov 09, 2022•15 min•Ep. 50
In this podcast, Rama Variankaval, Global Head of Corporate Finance Advisory and Center for Carbon Transition, talks to Faheen Allibhoy, Head of the J.P. Morgan Development Finance Institution (DFI). They discuss the role of the JPM DFI in mobilizing capital for economic development in emerging markets and how it supports the firm’s overall ESG efforts. Faheen and Rama also cover COP27 from climate adaptation to private and public sector engagement. This episode was recorded on October 21, 2022....
Nov 03, 2022•16 min•Ep. 49
In this episode, the DA&A Group discusses investor positioning amid recessionary fears and potential timing of an economic downturn. They also discuss the Fed’s direction and 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 In...
Nov 01, 2022•11 min•Ep. 48
Michael Millman, Global Chair of Investment Banking, and Carly Roddy, Head of West Coast Private Capital Markets, discuss trends driving capital formation across public and private equity markets. Michael and Carly touch on factors impacting the IPO market, share insights on buyside investor sentiment, and examine how private companies are raising capital in the current market environment. They also offer their perspectives on how to navigate the current environment and tools to raise public and...
Oct 21, 2022•12 min•Ep. 47
In this episode, the team focus on inflation in the US and the UK, and discuss whether yesterday’s market rally post the hotter than expected September US CPI print could be the start of a sustainable market rebound. Krupa Patel, Head of International Market Intelligence, and author of many Global Data Intelligence products, runs through the latest message from the team’s data toolkits including Signal from the Noise and Tactical Positioning Monitor, and also provides an update on the latest pol...
Oct 14, 2022•22 min•Ep. 46
“The media and communications sector is like the NFL of investment banking.” Fred Turpin, Global Head of Media and Communications Investment Banking at J.P. Morgan, speaks to Evan Junek from the Corporate Finance Advisory group, about key trends driving this capital-intensive sector. They also cover evolving market dynamics and potential opportunities and challenges ahead. Want to know more about media and communications trends? Subscribe to our sector-focused newsletters: https://www.surveymonk...
Oct 10, 2022•16 min•Ep. 45
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...
Oct 07, 2022•20 min•Ep. 44
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...
Oct 04, 2022•26 min•Ep. 43
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...
Oct 03, 2022•19 min•Ep. 42
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....
Sep 20, 2022•14 min•Ep. 41
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 Dat...
Sep 15, 2022•18 min•Ep. 40
