On today’s episode, we welcome Michael Cembalest, Chairman of Market and Investment Strategy at J.P. Morgan Asset Management. Michael will share his latest perspectives on emerging trends within the energy sector, offer his insights into the evolving landscape of artificial intelligence and data center development and highlight the most compelling opportunities in alternative investments today.

As Chairman of Market and Investment Strategy, Michael plays a pivotal role in shaping the firm’s strategic market and investment outlook across its institutional, funds and Private Banking businesses. He is also the author of the acclaimed Eye on the Market publication, renowned for its timely and incisive commentary on investments, markets, economics and more.

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For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify

Long-term investing is entering an era shaped by powerful secular shifts and bold innovation. Our latest annual forecasts expect economic nationalism to redraw the map for strategic industries, while artificial intelligence fuels a historic and transformative capex boom that over the long term we think lifts productivity across sectors. Global capital flows are also expected to be rewired, creating new opportunities and risks for portfolios as markets adapt to these forces. Inflation dynamics, asset class correlations and the role of real assets are all evolving, making diversification – including diversifying by theme – more essential than ever. In this episode, join Gabriela Santos, Chief Market Strategist for the Americas; Stephanie Aliaga, Global Market Strategist and Tim Lintern, Portfolio Manager and Quantitative Researcher, as they share new perspectives from J.P. Morgan Asset Management’s Long-Term Capital Market Assumptions and explore what’s next for investors, and positioning for the structural changes with the greatest impact on relative asset returns.

Subscribe to the Notes on the Week Ahead podcast for more insights from Dr. David Kelly: Apple Podcasts | Spotify

Fundraising for closed-end private credit vehicles reached a record high in the second quarter of this year, highlighting the sustained strong interest from investors. This achievement comes during a year of heightened scrutiny for the asset class, with headlines focusing on underwriting concerns, the potential impact of artificial intelligence, disruptions in lending to software companies, and restrictions on withdrawals from certain semi-liquid funds. Against this backdrop, Aaron Mulvihill is joined in today’s episode by Jeff Bracchitta, Head of Private Credit at J.P. Morgan Asset Management. Together, they will discuss how different types of investors are viewing private credit, the possible effects of higher interest rates, and the evolving role of private credit in supporting AI-related capital expenditures.

Resources:

For more resources on Alternatives, visit our Guide to Alternatives and Principles of Alternatives Investing Listen to the audio version of the Alternative Realities podcast: Apple Podcasts | Spotify