Foreword
This is a quick note, which tends to be just off the cuff thoughts/ideas that look at current market situations, and to try to encourage some discussions.
One of the other JB‘s had an interview with the chairman of Market and Investment Strategy of JPMorgan, Michael Cembalest, touching on a variety of recent themes.
As usual, a reminder that I am not a financial professional by training — I am a software engineer by training, and by trade. The following is based on my personal understanding, which is gained through self-study and working in finance for a few years.
If you find anything that you feel is incorrect, please feel free to leave a comment, and discuss your thoughts.
Michael Cembalest
Some time ago, I was given free (and apparently temporary) access to JPMorgan’s institutional research. During that time, I read eagerly the reports of Michael Cembalest, JPMorgan’s chairman of Market and Investment Strategy. Every single report put out by Michael was immaculately researched, with domain experts input, detailed deep dives and his own analysis to create a convincing narrative with actionable forecasts. It was great while it lasted.
When I lost access, I was sorely tempted to sign up for a JPMorgan private wealth account (which is not cheap!) just for continued access, but eventually decided against it. I’m a cheapskate, what I can say…
JB and Michael
One of the other JB’s (Joshua Brown in this case) had a chat with Michael, apparently his first media appearance. In this they talked about a myriad of recent themes, of note:
- Inflation and the most recent CPI report [5m]
- AI [33m 6s]
- SPACs [43m]
- Strategists are bearish [55m 24s]
The whole video is well worth a watch, here:
Janky Thoughts 