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The bull side, the bear side and the realityVideo

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Video ADA Text: The bull side, the bear side and the reality video

Transcript Browser Title: The bull side, the bear side and the reality video

Description: U.S. equity markets approach their first weekly gain in a month. What’s coming next?

English

Video Id: 6370290587112

Audio Description Video Id: 6370289021112

Length (seconds): 158

Transcript: <p>[neutral background music]</p> <h2>On screen:</h2> <p>This audio presentation displays an introductory screen showing:</p> <p>- a title:</p> <h2>On screen:</h2> <p>Top</p> <p><strong>MARKET TAKEAWAYS</strong></p> <h2>On screen:</h2> <p>- text:</p> <h2>On screen:</h2> <p>U.S. vs. European Market Opportunities</p> <p>with<strong> ABIGAIL YODER</strong></p> <p>Executive Director, Equity Strategy, J.P. Morgan Wealth Management</p> <h2>On screen:</h2> <p>- a photo of Ms. Yoder, a woman with long blonde hair and blue-gray eyes;</p> <p>- a date:</p> <h2>On screen:</h2> <p><strong>MARCH 21, 2025</strong></p> <h2>On screen:</h2> <p>- (and) a Logo:</p> <h2>Logo:</h2> <p>J.P. MORGAN WEALTH MANAGEMENT.</p> <h2>On screen:</h2> <p>Throughout this talk, an animated representation of sound waves appears. Now, Ms. Yoder with <strong>U.S. vs. European Market Opportunities</strong>:</p> <h2>Abigail Yoder:</h2> <p>With the recent changes in U.S. policies and Europe's increased spending, how are we approaching regional equity market allocations, and what do those changes mean for investors and their portfolios? I'm Abigail Yoder, your J.P. Morgan Equity Strategist, and here's your Top Market Takeaway.</p> <p>At the start of the year, prevailing sentiment among investors was that the U.S. economy was poised to do well, bolstered by the Republican sweep in November. The stock market quickly reacted to the new government's plans to boost growth, but didn't fully consider potential challenges like tariffs and budget cuts.</p> <p>Fast forward to today and that narrative is quickly being called into question, given persistent policy uncertainty and an increase in government spending in Europe, boosting odds of a near-term revival in the region. So, what are the implications moving forward given these recent developments?</p> <p>Today, European markets are outperforming U.S. markets. This is because investors are hopeful about a potential ceasefire between Russia and Ukraine and new spending plans in Germany that could help the economy grow. The rise in European markets is mostly due to investors being willing to pay more for stocks, even though company earnings haven't increased much.</p> <p>In the U.S., people are feeling less confident about the economy lately. This is due to uncertainty about government policies like tariffs and budget cuts. If this uncertainty continues, it might lead people and businesses to spend and invest less.</p> <p>Despite these concerns, the U.S. economy is still showing strong signs, especially in jobs and consumer spending. Companies have generally been positive about their future, but we're keeping an eye on any changes in their outlooks.</p> <p>Things are changing quickly, and we're keeping a close eye on the situation. Right now, we're sticking with our outlook that the S&amp;P 500 will reach 6,400 by the end of the year. We still prefer investing in the U.S. over Europe and other parts of the world. The recent drop in U.S. stock prices is something we expected, and it might be a good chance to buy stocks at lower prices, as long as the economy doesn't slow down significantly. In Europe, the economic outlook has improved compared to two months ago, but we think the current stock prices already reflect this optimism. While we believe in having some European stocks in a well-rounded investment portfolio, we don't expect them to perform much better than U.S. stocks by the end of the year.</p> <p>To learn more please visit CHASE.COM/THEKNOW</p> <h2>On screen:</h2> <h3>Closing Logo:</h3> <p>J.P. Morgan WEALTH MANAGEMENT.</p> <h2>On screen:</h2> <p>To learn more, visit CHASE.COM/THEKNOW</p> <h2>On screen:</h2> <p>(That web address appears inside a button.)</p> <h2>Side note:</h2> <p>Legal disclosures:</p> <h2>On screen:</h2> <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>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>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>International investments may not be suitable for all investors.International investing involves a greater degree of risk and increased volatility. Changes in currency exchange rates and differences in accounting and taxation policies outside the U.S. can raise or lower returns. Some overseas markets may not be as politically and economically stable as the United States and other nations. Investments in international markets can be more volatile.</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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