1. groups
2. investments
3. 2024 Elections: 3 thoughts on the year ahead

2024 Elections: 3 thoughts on the year aheadVideo

Account Id: 4394098893001

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

Video ADA Text: 2024 Elections: 3 thoughts on the year ahead video

Transcript Browser Title: Video transcript: 2024 Elections: 3 thoughts on the year ahead video

Description: Elections may seem like a big deal in the moment, but historically have had little bearing on what path the economy and market ultimately take.

English

Video Id: 6340804732112

Audio Description Video Id: 6340806607112

Length (seconds): 118

Transcript: <h2>Side note:</h2> <p>Background music plays.</p> <h2>On screen:</h2> <p>This video opens on a woman with dark hair smiling brightly as she speaks from an office with natural wood accents and plants.</p> <h2>Side note:</h2> <p>A bold disclaimer in a text box reads:</p> <h2>Text on screen:</h2> <p>INVESTMENT AND INSURANCE PRODUCTS:</p> <ul> <li>NOT A DEPOSIT</li> <li>NOT FDIC INSURED</li> <li>NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY</li> <li>NO BANK GUARANTEE</li> <li>MAY LOSE VALUE</li> </ul> <h2>Sitara Sundar:</h2> <p>Here are your top market takeaways.</p> <h2>On screen:</h2> <p>A circle with a title expands: 'Top Market Takeaways.' A question appears over gray: 'What exactly is a government shutdown?'</p> <h2>Text on screen:</h2> <p>Text appears below the speaker: 'Sitara Sundar, Equity Specialist, J.P. Morgan Wealth Management. November 10, 2023'</p> <h2>Sitara Sundar:</h2> <p>Simply put, it's the closure of parts of the government that are deemed non-essential. Think the IRS or the EPA. Essential services like Social Security or Medicare are still online. In order for the shutdown to cease, Congress must pass either a budget bill or a short-term continuing resolution in order to bring funding back online.</p> <h2>Text on screen:</h2> <p>Another question appears: 'Who is impacted?'</p> <h2>Sitara Sundar:</h2> <p>Government employees are most directly impacted. Many federal workers, even those who are still employed during this period of time may see their payments suspended or delayed. Indirectly, the closure of non-essential services could be felt more broadly. For example, people applying for passports could see a delay in processing.</p> <h2>Text on screen:</h2> <p>Another question: 'Has the government shut down before?'</p> <h2>Sitara Sundar:</h2> <p>Yes, there have been 21 shutdowns since the 1970s; the length has varied, some lasting one day to the most recent shutdown in 2018 lasting 34 days.</p> <h2>On screen:</h2> <p>Text boxes emphasize her talking points, then a question appears:</p> <h2>Text on screen:</h2> <p>'Bigger picture - what does this mean for economic growth?'</p> <h2>Sitara Sundar:</h2> <p>Historically, shutdowns don't have a meaningful impact on economic growth. That being said, the length of the shutdown will determine the extent of any damage to the economy, so it's a risk that we're monitoring.</p> <h2>Text on screen:</h2> <p>What is the expected impact on stock markets?'</p> <h2>Sitara Sundar:</h2> <p>There may be initial volatility, but history suggests there's little long-term impact on stock markets.</p> <h2>On screen:</h2> <p>A graph appears beside text: 'Government Shutdowns - How Do Stocks Fare? S&amp;P 500 Returns During Prior U.S. Government Shutdowns, by %.' The horizontal bar graph lists 20 shutdowns ranging from 1 day to 34 days. Longer shutdowns in the seventies show negative return percentages ranging up to 5%, while more recent shutdowns show positive return percentages ranging from zero up to 10%, the latter with the longest shutdown in 2018.</p> <h2>Sitara Sundar:</h2> <p>S&amp;P 500 returns have been flat on average during prior shutdowns.</p> <h2>Side note:</h2> <p>Small print text appears.</p> <h2>Text on screen:</h2> <p>Sources: 'U.S. House of Representatives - Office of the Historian, Bloomberg Finance L.P. Analysis as of September 25, 2023. Note: Start date refers to the date that government funding ended, and end date refers to the date that funding was restored.'</p> <h2>Sitara Sundar:</h2> <p>We continue to recommend capitalizing on volatility to add to high conviction themes. Here are your key takeaways.</p> <h2>On screen:</h2> <p>A bulleted list appears beside a magnifying glass:</p> <h2>Text on screen:</h2> <p>'Key Takeaways.</p> <ul> <li>While there are elevated concerns around a government shut-down, historically they have not had lasting impacts on the econo-my.</li> <li>Investors should continue to feel confident about getting and stay-ing invested regardless of potential volatility.'</li> </ul> <h2>Sitara Sundar:</h2> <p>To learn more, please visit chase.com/theknow.</p> <h2>On screen:</h2> <p>A logo appears over black:</p> <h2>On screen logo:</h2> <p>J.P. Morgan Wealth Management.</p> <h2>Side note:</h2> <p>Legal disclosures:</p> <h2>Text on screen:</h2> <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 trusted 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> <h2>Side note:</h2> <p>A disclosure in bold reads:</p> <h2>Text on screen:</h2> <p><strong>Investing in securities involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Outlooks and past performance is not a guarantee of future results.</strong></p> <h2>Side note:</h2> <p>A disclosure in regular reads:</p> <h2>Text on screen:</h2> <p>Investment in alternative investment strategies is speculative, often involves a greater degree of risk than traditional investments including limited liquidity and limited transparency, among other factors and should only be considered by sophisticated investors with the financial capability to accept the loss of all or part of the assets devoted to such strategies.</p> <h2>Side note:</h2> <p>A disclosure in bold reads:</p> <h2>Text on screen:</h2> <p><strong>Asset allocation/diversification does not guarantee a profit or protect against loss.</strong></p> <h2>Side note:</h2> <p>A disclosure in regular reads:</p> <h2>Text on screen:</h2> <p>J.P. Morgan Wealth Management is a business of JPMorgan Chase &amp; Co., which offers investment products and services through J.P. Morgan Securities LLC (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.<br /> </p> <p>Copyright {{copyrightCurrentYear}} JPMorgan Chase &amp; Co.</p> <h2>Side note:</h2> <p>Text continues in bold:</p> <h2>Side note:</h2> <p>Text continues in regular:</p>

Thumbnail