1. groups
2. investments
3. Beyond the Fed: Where to focus now

Beyond the Fed: Where to focus nowVideo

Account Id: 4394098893001

Player Id: bb60d070-b695-4c55-9162-a421ad370a53

Video ADA Text: Beyond the Fed: Where to focus now video

Transcript Browser Title: Video transcript: Beyond the Fed: Where to focus now

Description:

English

Video Id: 6368774264112

Audio Description Video Id: 6368774736112

Length (seconds): 128

Transcript: <h2>Side note:</h2> <p>Neutral background music plays.</p> <h2>On screen:</h2> <p>This video opens in an office with a textured wall, where a woman in a red sweater stands behind a desk with a mug, laptop, and notes.</p> <h2>Logo:</h2> <p>A J.P. Morgan Wealth Management logo remains in an upper corner.</p> <h2>Side note:</h2> <p>A bold disclaimer in a text box reads:</p> <h2>On screen:</h2> <p>INVESTMENT AND INSURANCE PRODUCTS:</p> <ul> <li><p><strong>NOT A DEPOSIT</strong></p> </li> <li><p><strong>NOT FDIC INSURED</strong></p> </li> <li><p><strong>NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY</strong></p> </li> <li><p><strong>NO BANK GUARANTEE</strong></p> </li> <li><p><strong>MAY LOSE VALUE</strong></p> </li> </ul> <h2>Elyse Ausenbaugh:</h2> <p>Here are your Top Market Takeaways.</p> <h2>On screen:</h2> <p>A purple circle with a title expands:</p> <h2>On screen:</h2> <p>Top</p> <p><strong>MARKET</strong></p> <p><strong>TAKEAWAYS</strong></p> <p><strong>FEBRUARY 14, 2025</strong></p> <h2>On screen:</h2> <p>Identifying text appears beside the speaker:</p> <h2>On screen:</h2> <p><strong>ELYSE AUSENBAUGH</strong></p> <p>HEAD OF INVESTMENT STRATEGY</p> <p>J.P. MORGAN WEALTH MANAGEMENT</p> <h2>Elyse Ausenbaugh:</h2> <p>Every Valentine's Day, romantic hopefuls sift through candy hearts...</p> <h2>On screen:</h2> <p>Animated hearts appear, with the words:</p> <h2>On screen:</h2> <p>GIGGLE</p> <p>#1 FAN</p> <p>Q-2 PIE</p> <p>AS IF</p> <p>BE MINE</p> <p>XOXO</p> <p>GOAT</p> <p>SMILE</p> <p>ME+U</p> <h2>Side note:</h2> <p>Small print text reads:</p> <h2>On screen:</h2> <p>Source: Spangler Candy Co., as of February 2025.</p> <h2>Elyse Ausenbaugh:</h2> <p>...striving to distinguish friendly affirmations from genuine signals of interest.</p> <h2>On screen:</h2> <p>The hearts flip over, revealing the words:</p> <h2>On screen:</h2> <p>STEADY GROWTH</p> <p>TARIFF 4 U</p> <p>STABLE JOBS MARKET</p> <p>AI SHAKEUP</p> <p>BULL MARKET</p> <p>DOGE</p> <p>DEREGULATION</p> <p>RATE VOLATILITY</p> <p>EARNINGS UPSIDE</p> <h2>Side note:</h2> <p>Small print text reads:</p> <h2>On screen:</h2> <p>Source: Spangler Candy Co., J.P. Morgan Wealth Management as of February 2025.</p> <h2>Elyse Ausenbaugh:</h2> <p>With the recent barrage of headlines on political policy, economic data, and more, investors might be having a similarly difficult time separating the signal from the noise.</p> <h2>On screen:</h2> <p>A question appears over gray:</p> <h2>On screen:</h2> <p>Is there a solid economic foundation?</p> <h2>Elyse Ausenbaugh:</h2> <p>An assessment of the fundamental backdrop is perhaps the most important signal in developing an outlook for investment returns. From our point of view, that backdrop looks healthy in the U.S.:</p> <h2>On screen:</h2> <p>A list with five bullet points appears under the heading</p> <h2>On screen:</h2> <p>Healthy U.S. economy signals</p> <ul> <li>Solid economic growth</li> <li>Balanced labor market</li> <li>Normalizing inflation</li> <li>Patient Fed policy approach</li> <li>Positive corporate earnings momentum</li> </ul> <h2>Elyse Ausenbaugh:</h2> <p>Economic growth is solid, the labor market looks balanced, inflation is slowly normalizing, the Fed's policy approach is patient, and corporate earnings momentum is positive. Together, these dynamics support the case for the market rally to continue in the year ahead.</p> <h2>On screen:</h2> <p>Another question appears over gray:</p> <h2>On screen:</h2> <p>What could be potential sources of disruption?</p> <h2>Elyse Ausenbaugh:</h2> <p>But what about policy risks – from tariffs, to deportations, to federal budget overhauls, and more – or innovation in areas like AI that shake investors' assumptions about the path ahead? We've been exploring the risks they pose, but we don't think they derail the long-term potential of getting and staying invested.</p> <h2>On screen:</h2> <p>A line graph appears, with the heading: 'Examples of sources of uncertainty, and % cumulative returns.' A subheading reads: '60% stock / 40% bond allocation, Cumulative Total Return.' The vertical axis ranges from 50% to 400%, while the horizontal axis ranges from 1999 to 2025. An orange line appears, climbing steadily through various sources of uncertainty. Cumulative returns are 257% with the Tech wreck, bubble bursts in 2000; 282.1% with September 11th in 2001; 347.1% with the War on Terror, U.S. invades Iraq in 2003; 217.9% with Hurricane Katrina in 2005; 144.3% with the Global Financial Crisis, bank failures in 2008; 167.4% with the Flash Crash, BP oil spill, QE1 ends in 2010; 145.8% with the 2nd Greek bailout, existential threat to Euro in 2012; 87.6% with the Global deflation scare, China FX devaluation in 2015; 90.5% with the Brexit vote, U.S. election in 2016; 55.3% with the Trade war, inflation scare in 2018; 38.1% with the COVID-19 pandemic, U.S. Presidential Election in 2020; and 2.7% with Geopolitical tensions, tariffs and trade war concerns, AI competition in 2025.</p> <h2>Elyse Ausenbaugh:</h2> <p>Historically, there have always been new unknowns and threats for investors to consider. But through all of the challenges, investors who have stayed the course have benefited over time.</p> <h2>Side note:</h2> <p>Small print text reads:</p> <h2>On screen:</h2> <p>Source: J.P. Morgan, FactSet. (1) Cumulative total returns for the 60/40 portfolio (Net total return for MSCI World and Bloomberg Global Aggregate Bond Index) are calculated from December 31 of the year prior until the updated data. Data as of January 31, 2025.</p> <h2>On screen:</h2> <p>Another question over gray reads:</p> <h2>On screen:</h2> <p>How should investors approach managing their portfolios?</p> <h2>Elyse Ausenbaugh:</h2> <p>Regarding matters of love, they say there are plenty of fish in the sea. The same goes for investing. Diversifying your portfolio with exposure to different themes, regions, and asset classes can help ensure that the success of your financial plan isn't entirely dependent on everything playing out exactly how you expect it to.</p> <h2>On screen:</h2> <p>A bulleted list with three items appears over white:</p> <h2>On screen:</h2> <p>Key Takeaways</p> <ul> <li>Fundamentals look solid, informing our base case view for a continuation of the market rally</li> <li>With headlines highlighting new risks, consider how your portfolio is diversified.</li> <li>Remember, markets have historically navigated a litany of unknowns – investors who have stayed the course have been rewarded over the long-run.</li> </ul> <h2>Elyse Ausenbaugh:</h2> <p>To explore more, please visit CHASE.COM/THEKNOW</p> <h2>On screen:</h2> <p>A logo appears over gray:</p> <h2>Logo:</h2> <p>J.P. Morgan WEALTH MANAGEMENT.</p> <h2>On screen:</h2> <p>To explore more, visit CHASE.COM/THEKNOW</p> <h2>On screen:</h2> <p>An oval around the URL turns from white to blue.</p> <h2>Side note:</h2> <p>Legal disclosures:</p> <h2>On screen:</h2> <p>All market and economic data are sourced from Bloomberg Finance L.P. and FactSet unless otherwise stated.</p> <p>The views, opinions, estimates and strategies expressed herein constitutes the speaker's judgment based on current market conditions and are subject to change without notice, and may differ from those expressed by other areas of J.P. Morgan. This information in no way constitutes J.P. Morgan Research and should not be treated as such. You should carefully consider your needs and objectives before making any decisions --including whether the services, products, asset classes (e.g. equities, fixed income, alternative investments, commodities, etc.) or strategies discussed are suitable to your needs. You must also consider the objectives, risks, charges, and expenses associated with any investment or financial service, product or strategy prior to making an investment decision. For additional guidance on how this information should be applied to your situation, you should consult your advisor.</p> <p>Investing in securities involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. (In bold) <strong>Outlooks and past performance is not a guarantee of future results.</strong></p> <p>(Also in bold) <strong>Past performance is no guarantee of future results.</strong> It is not possible to invest directly in an index.</p> <p>The price of equity securities may rise or fall due to the changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Equity securities are subject to &quot;stock market risk&quot; meaning that stock prices in general may decline over short or extended periods of time.</p> <p>Investments in commodities may have greater volatility than investments in traditional securities, particularly if the instruments involve leverage.</p> <p>Asset allocation/diversification does not guarantee a profit or protect against loss.</p> <p>J.P. Morgan Wealth Management is a business of JPMorgan Chase &amp; Co., which offers investment products and services through (in bold) <strong>J.P. Morgan Securities LLC</strong> (JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. Insurance products are made available through Chase Insurance Agency, Inc. (CIA), a licensed insurance agency, doing business as Chase Insurance Agency Services, Inc. in Florida. Certain custody and other services are provided by JPMorgan Chase Bank, N.A. (JPMCB). JPMS, CIA and JPMCB are affiliated companies under the common control of JPMorgan Chase &amp; Co. Products not available in all states.</p> <p>Copyright {{copyrightCurrentYear}} JPMorgan Chase &amp; Co.</p>

Thumbnail