JEPI News and Press, JPMorgan Equity Premium Income From 07/06/21

The JPMorgan Equity Premium Income ETF (JEPI) attempts to combine the best of three worlds for income investors - high dividend on a monthly basis, low volatility, and capital appreciation. The goal is very appealing to income investors, especially with the currently elevated overall ...

Risk-adjusted performance for the Global Market Index (GMI) continued to push higher in June, based on the annualized Sharpe ratio for a rolling ten-year window via monthly data. GMI’s 10-year SR increased to 0.84, the highest in 18 months. GMI is an unmanaged, market-value...

Recent economic data are showing signs of slowing growth. Trends in economic growth are highly correlated with S&P 500 earnings growth rates. The stock market has historically anticipated these slowing growth trends. For further details see: Decelerating Economic Gro...

As we mark the halfway point of the year, the economy is in full recovery mode and asset prices are soaring. As we enter the second half of the year though, it is hard to ignore some contradictions. Economic growth in H1 is going to print a big number, and yet, the 10-year Treasury no...

With all the talk about inflation expectations, central bank policy, rising Treasury yields and fiscal policies, equity investors are trying to make sense of the market by focusing on the interest rate sensitivity of valuations and the tug of war between growth stocks and value stocks. ...

The expected risk premium for the Global Market Index (GMI) resumed an upward drift in June, rising to an annualized 6.0%. The current risk premium forecast for GMI - 6.0% - suggests that multi-asset-class strategies will generate lower returns relative to results posted in recent yea...

The first signs of inflation have bubbled up in the market. It is unclear if inflation will be sustainable, but the risks of entering a new inflationary regime need to be considered. Many see a return to the pre-COVID environment of secular stagnation. But a breakout to higher inflati...

Over the years, I've watched numerous darlings of the yield-chasing set crash and burn. The current favorite is QYLD, which is paying a 12% annual yield. A typical pattern for such investments is they overpay sustainable levels of yield, grow as the yield chasers flock to them, and in...

The reopening should continue across the major developed economies through the second half of 2021. The focus for markets has shifted to the strength of the growth rebound, the implications for inflation and the timing of central bank moves to taper asset purchases and eventually rais...

The “mega-drought” out West is expected to cause electricity prices to rise due to hydroelectric power plant output falling, being rationed, or possibly shut down. Higher food and electric prices may be “transitory,” as the Fed has asserted, but this ȁ...