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Tariff delays: Uncovering the most impacted sectorsVideo

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Transcript Browser Title: Video transcript: Tariff delays: Uncovering the most impacted sectors

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Video Id: 6369677773112

Audio Description Video Id: 6369678075112

Length (seconds): 138

Transcript: <p>[neutral background music]</p> <h2>On screen:</h2> <p>This video opens in an office with a textured wall, where a woman in blue velvet with chandelier earrings 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><strong>NOT A DEPOSIT</strong></li> <li><strong>NOT FDIC INSURED</strong></li> <li><strong>NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY</strong></li> <li><strong>NO BANK GUARANTEE</strong></li> <li><strong>MAY LOSE VALUE</strong></li> </ul> <h2>Sitara Sundar:</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>MARCH 7, 2025</strong></p> <h2>On screen:</h2> <p>Identifying text appears beside the speaker:</p> <h2>On screen:</h2> <p><strong>SITARA SUNDAR</strong></p> <p>EQUITY SPECIALIST,</p> <p>J.P. MORGAN WEALTH MANAGEMENT</p> <h2>Sitara Sundar:</h2> <p>As the world faces escalating and evolving risks – think rising geopolitical tensions, cyber threats, supply chain fragility, and climate concerns – investing in security is as important as ever. Governments and corporations are ramping up spending on innovative security solutions. We believe this can create opportunities for long-term investors since the definition of security is broadening outside of just traditional defense to encompass energy security, supply chain resilience, and cybersecurity.</p> <h2>On screen:</h2> <p>A list appears beside her.</p> <h2>On screen:</h2> <p>Security encompasses:</p> <ul> <li>Energy security</li> <li>Supply chain resilience</li> <li>Cyber security</li> </ul> <h2>On screen:</h2> <p>A question appears over gray:</p> <h2>On screen:</h2> <p>What are the three pillars of investing in security?</p> <h2>Sitara Sundar:</h2> <p>Pillar #1: energy security.</p> <h2>On screen:</h2> <p>A graphic with the heading 'Investing in Security' shows a blue building pillar containing a lightning bolt icon. It's labeled:</p> <h2>On screen:</h2> <p>Pillar 1</p> <p>Energy Security</p> <h2>Sitara Sundar:</h2> <p>The global energy landscape is currently undergoing a seismic shift. Heightened geopolitical tensions, extreme weather events, and aging U.S. energy infrastructure have made energy independence and securing stable sources of power a matter of national security. Pillar #2: supply chain resilience.</p> <h2>On screen:</h2> <p>A teal pillar has a globe icon with connected people, and is labeled:</p> <h2>On screen:</h2> <p>Pillar 2</p> <p>Supply Chain Resilience</p> <h2>Sitara Sundar:</h2> <p>The pandemic, and more recently trade tensions between major economies, have exposed global supply chain vulnerabilities, prompting a shift towards bringing manufacturing closer to home. Pillar #3: national defense and cybersecurity.</p> <h2>On screen:</h2> <p>An orange pillar with an icon of a robotic arm is labeled:</p> <h2>On screen:</h2> <p>Pillar 3</p> <p>National Defense and Cyber Security</p> <h2>Sitara Sundar:</h2> <p>With global armed conflicts at an 80-year high and cyber threats continuing to escalate, we expect global defense spending to rise and capital investment to accelerate to support advancement in cybersecurity technologies.</p> <h2>On screen:</h2> <p>Another question appears over gray:</p> <h2>On screen:</h2> <p>Why should investors consider aligning their portfolio with the security theme?</p> <h2>On screen:</h2> <p>A bar graph appears with the heading: 'Security: the next big secular investment cycle: Spending as a % of global GDP.' The vertical axis ranges from 0% to 6%, while the horizontal axis compares 'Projected annual security investment (2030 vs 2023)' to 'Average annual investment in cloud / e-commerce (2010-2021).' The gray bar representing the latter rises to just over 5%, while the former is represented by a tri-colored bar broken down into three categories: 'Energy 2.5%, Supply chain 1.5%, and Defense &amp; cyber 1.0%.' Together, the bar stands at 5%.</p> <h2>Side note:</h2> <p>Small print text reads:</p> <h2>On screen:</h2> <p>Sources: Bloomberg, FactSet. EPS Long Term Growth Forecasts and Valuations as of January 4, 2023. Note: ETS historical spending based on 3% CAGR for clean energy investment from 2015-2020 per IEA, with growth based on &quot;announced pledges scenario&quot; forecast; SCS historical spending based on 2.5% industrial capex CAGR 2010–2019 per BofA, with growth based on BofA forecast for '19-'25 CAGR. NDC based on 0% CAGR for US defense budget from 2012–2022 blended with 10% growth in cybersecurity historically, with growth based on 5% Defense growth consistent with prior upcycles and ongoing cybersecurity growth. S&amp;P average based on sales/share growth, history and consensus forecast for index.</p> <h2>Sitara Sundar:</h2> <p>If a new investment cycle is beginning in the security landscape, one that could rival the cloud/e-commerce cycle of the 2010s, we believe now can a good time to align your portfolio with this transformative theme. By integrating the security theme as a complement to your core, diversified portfolio, you can potentially benefit from this accelerating investment trend over the next 10-15 years.</p> <h2>On screen:</h2> <p>A list with three bullet points appears under a heading:</p> <h2>On screen:</h2> <p>Key Takeaways</p> <ul> <li>With rising geopolitical tensions, cyber threats, supply chain issues, and climate concerns, investing in security is crucial.</li> <li>Investing in security goes beyond traditional defense, including energy security, supply chain resilience, and cybersecurity.</li> <li>Integrating the security theme into portfolios could benefit investors over the next 10-15 years.</li> </ul> <h2>Sitara Sundar:</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>The (in bold) <strong>S&amp;P 500 Index</strong> is an unmanaged broad-based index that is used as representation of the U.S. stock market. It includes 500 widely held common stocks. Total return figures reflect the reinvestment of dividends. &quot;S&amp;P500&quot; is a trademark of Standard and Poor's Corporation.</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>Bonds are subject to interest rate risk, credit and default risk of the issuer. Bond prices generally fall when interest rates rise.</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>

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