On Thursday, JPMorgan Chase & Co. (NYSE:JPM)’s shares declined -1.87% to $66.27.
JPMorgan Chase & Co. (JPM) released it 2016 Asset Allocation Views, which suggests the trajectory of the U.S. dollar will be the pivotal global asset allocation theme of next year, among other highlights. The research is derived from the firm’s latest Multi-Asset Solutions Strategy Summit, where senior portfolio managers, strategists and research professionals come together to discuss current asset allocation views and key global themes in the context of the global economy, geopolitics, market forces and a series of quantitative and qualitative factors.
“The challenging market moves of 2015 left many pundits itching to call ‘time’ on this expansion. We disagree and see the U.S. economy as solidly mid-cycle. Until investors, consumers and corporate throw caution to the wind, the seeds of excess that will ultimately end this economic cycle will not be sown,” said John Bilton, Head of Global Multi-Asset Strategy, J.P. Morgan Asset Management. “While we see challenges for next year, we expect global economic growth to accelerate modestly in 2016. We believe U.S. economic leadership will begin to broaden out, Europe’s recovery should widen and deepen, and emerging economies should begin to stabilize as the year progresses.”
Lessons Learned from 2015:
- By the numbers, this past year saw U.S. GDP rise 2.6%, Europe print €560 billion (and counting), global inflation fall below 2% and China add the economic footprint of Indonesia to its GDP. At the same time, global manufacturing slumped, U.S. capital spending fell to its lowest level since 2010, Japanese growth faltered, and oil dropped 25%.
- European and Japanese equities returned over 10%, while U.S. stocks were broadly flat; high yield (HY) credit spreads widened the most since 2011, but volatility markets remained fairly stable. The U.S. dollar gained 10% as the Federal Reserve (Fed) did little but ruminate on when to hike, yet the trade-weighted euro dipped just 3.5% even as the European Central Bank (ECB) unleashed the full force of quantitative easing (QE).
- In a year of growth scares and choppy markets, it’s little wonder investors were skittish. 2015 favoured hardly anyone. Erosion in sentiment, conviction and confidence is infecting many investors’ 2016 outlook.
JPMorgan Chase & Co. is a financial services firm. The company operates through four segments: Consumer and Community Banking, Corporate and Investment Bank, Commercial Banking, and Asset Administration.
Walt Disney Co (NYSE:DIS)’s shares dropped -1.54% to $112.04. The company’s total market capitalization is $188.12 billion along with 1.65 billion shares outstanding. 52 week range of the stock remained $90.00 - $122.08, while its day lowest price was USD 111.98 and its hit its day highest price at USD 114.48.
The Walt Disney Company, together with its auxiliaries, operates as an entertainment company worldwide. The company operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks comprise ESPN, Disney Channels, and ABC Family, in addition to UTV/Bindass and Hungama. The company owns eight domestic television stations.
At the end of Thursday’s trade, Lloyds Banking Group PLC (ADR) (NYSE:LYG)‘s shares dipped -1.15% to $4.29. LYG 52 week range of the stock remained $4.20 - $5.65, while its day lowest price was $4.28 and its hit its day highest price at $4.35. The company has total of 71.37 billion outstanding shares. It has market cap of $75.68 billion.
Lloyds Banking Group plc provides a range of banking and financial services to individuals and businesses in the United Kingdom and internationally. The company operates through five segments: Retail, Commercial Banking, Consumer Finance, Insurance, and TSB.
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