Research
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PrintJ.P. Morgan's research provides clients with informed views and actionable ideas on economic indicators, markets, companies, and asset classes around the world. Our research is available through MorganMarkets.
Economics Research
Economic indicators are a staple for financial market participants and policymakers. Each day, the Economics team reviews the new information provided by the indicators to draw judgments on where growth, inflation, and asset prices are headed.
At J.P. Morgan, “data watching” – forecasting and analyzing indicators – is a core function, and one that has served our clients well for more than 100 years. We cover more than 35 countries each week and provide forecasts for hundreds of economic releases in our weekly flagship publication, Global Data Watch. Other key publications are Daily Economic Briefing, providing instant perspective of the day’s key events and our quarterly outlook, World Financial Markets.
Asset Allocation and Alternative Investments
Based on market dynamics, valuation and trading models, the Asset Allocation and Alternative Investments team makes trading and portfolio recommendations across asset classes to facilitate strategic and tactical positioning. Coverage also includes alternatives, such as rule-based investing, hedge funds, real estate, insurance-linked products, longevity, private equity, SRI, and infrastructure. The team produces the J.P. Morgan "house" view on global markets and cross-asset allocation. Flagship publications include The J.P. Morgan View and Global Markets Outlook and Strategy. The team also publishes thematic, thought-leading pieces under the Global Issues brand.
Equity Research
J.P. Morgan’s 400-plus senior analysts cover more than 3,500 companies throughout the world’s developed and emerging markets across all industry groups, focusing on both the large and small-mid cap sectors. Studying companies’ financial prospects and competitive position, the team provides actionable trade ideas, ratings and target prices to help clients outperform. Picks are put into context by our regional and global strategy teams, along with our views on preferred sectors, regions and names.
Our flexible approach to research ensures we are able to match the needs of all clients, whether they require investment recommendations within the global or sector context, or across the capital structure of a single firm. Our Climate Change Investment Research explores business risks and opportunities related to climate change – helping institutional investors understand how this may impact portfolio performance and risk assessment.
Fixed Income / Rates Research
The Fixed Income Strategy team makes trading and portfolio recommendations for investors in global bond and other fixed-income markets. Using valuations, analytics and market dynamics, the team helps clients position themselves strategically in the global fixed income markets. Powerful analytic data, indices and tools are available on MorganMarkets.
Credit Research
Our Credit Research team analyzes movements and trends in the corporate debt markets. The group is divided into High Grade, High Yield and Credit Strategy research teams. High grade credit research covers investment grade credits (BB and higher) with outstanding corporate bond issues. High yield credit research covers non-investment grade credit (BB+ / Ba1 or lower) with outstanding or upcoming bond issues. Credit strategy combines fundamental, technical and macroeconomic perspectives in a strategic advisory service.
Currency and Commodities Research
The Global Currency and Commodities Research Group analyze the forces behind the demand and supply of currencies and commodities. The global team produces valuation tools, currency and commodity forecasting, trade recommendations and strategic advice.
The group produces several regular flagship publications, which include FX Market Focus, Daily Energy Market Update, Oil & Gas Monthly, World Financial Markets, Global Markets Outlook and Strategy, Commodity Markets Outlook and Strategy, and the FX Barometer. The wide range of publications and analytics tools, including insightful intra-day market commentary, are all available on MorganMarkets.
Emerging Markets Research
The Emerging Markets Research team analyzes sovereign and credit risk in Latin America, Central and Eastern Europe, Africa, the Middle East and Asia ex-Japan, and makes strategic recommendations for debt issued in both international and local capital markets. The team also publishes a model portfolio and uses comprehensive relative value analysis to establish more specific investment recommendations. Publications, such as its flagship Emerging Markets Outlook and Strategy, and analytics, including the J.P. Morgan Emerging Markets suite of bond indices, are available on MorganMarkets.
- Credit Derivatives Strategy: The Credit Derivatives Strategy Team analyzes the credit default swaps (CDS) market from a valuation perspective and, working with Credit Research, identifies trading strategies for clients related to default protection. Other research areas covered include proprietary CDS indexes and related tranche products, plus loan CDS, preferred CDs, recovery locks, digital default swaps, credit-linked notes, constant maturity CDS, and first to default baskets.
- Equity Derivatives Strategy: The Equity Derivatives Strategy team provides our external clients and traders with relative-value trade ideas and quantitative research on the global equity and equity derivatives markets. Working with our Equity Research analysts, the team covers a diverse range of products, including single-stock and index options; volatility and dispersion; index changes; risk arbitrage; equity swaps and futures; portfolio and basket trading; and securitized derivatives.
- Fixed-Income Derivatives Strategy: The Fixed-Income Derivatives Strategy team is a global relative-value research team supporting clients in the swaps, futures and options markets. The team provides strategy research to our internal traders and external clients for both listed and non-listed interest rate derivatives.
Structured Finance Research
The Structured Finance Research team provides in-depth coverage of global asset-backed and commercial mortgage-backed securities markets, as well as collateralized debt obligation markets. The team formulates market strategy, develops and maintains market and deal databases, and produces weekly and monthly market-related publications that keep Structured Finance clients apprised of key emerging trends.
Index Research
Global Index Research, J.P. Morgan's suite of proprietary benchmarks, covers emerging markets, government and corporate bonds. In addition, there are various tradable indices covering Exotics and Hybrids, Equity (ETFs/ETNs), Credit and Commodities. Index products and research enhance J.P. Morgan's dialogue with clients and provide analytics to evaluate clients' portfolios. Indices help increase the visibility of the asset classes they represent and provide a tool to define and measure the performance of the asset class. The group's flagship publications include Emerging Markets Bond Index Monitor and the Government Bond Index Monitor. The team also publishes a wide variety of periodical reports on index performance and trends.