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Equity Market Is Ripe for a Pullback, JPMorgan’s Kelly Says

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Aug.14 — David , chief global strategist at JPMorgan Asset Management, markets “shouldn’t be knocking on the door of an all-time record high,” given the level of economic distress and uncertainty. He speaks on “Bloomberg Markets: European Close.”

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21 Comments

21 Comments

  1. @paul_the_merciful

    December 25, 2023 at 9:21 pm

    gold is up 28 % this year
    now check a basket of equities and see how much they are down.

    Tech stocks did OK for a while then a $2.3 trillion wipe out.

    Let's see ..

  2. @phildurre9492

    December 25, 2023 at 9:21 pm

    7.2% inflation if you extrapolate the last the last 2 month. with 0.6 % interest on 10 year tresury. gold is not the best investment no, gold miners are, because they got leverage… even buffet bought gold and he has been joking about it for 10 years… jp morgan convicted of Precious metal manipulation…. listen to him lol

  3. @Psynthax

    December 25, 2023 at 9:21 pm

    I am in possession of evidence that terrorist Croatian or Serbian government and UK government with their bankers are involved in cryptocurrency thefts, thefts from bank accounts and modifying bank account transaction data… They have stolen my wallet private keys from my desktop by using Windows OS backdoor to enter into the system and they have read my passwords from my brain memory with brain computer interface and were doing transactions on my wallet. I have 3 BTC stolen in transaction 7e4153c47587a1782897d3726414b4d8165498bca684a5155f01e33140934add and I 5BSV stolen from here 143WPhvUuVymBuFse6GvEgfreVXZaKunTJ sent to my exchange account and traded to XML and sent to GA5XIGA5C7QTPTWXQHY6MCJRMTRZDOSHR6EFIBNDQTCQHG262N4GGKTM (txid 0a6e829c7a6a4cef29142fcf0a8789f187ac0ec023d8bb34b2ca108e5a2cf3b7) I was exiled from the Republic of Croatia and both of my apartments and my car were nationalized because I was not allowed to sell them. I have been involved in cryptocurrency from february 2014. I have started with 0 usd one computer with 1 gpu and in 4 years I have made 4.5 million usd mining and investing in cryptocurrency. In December 2017 during the peak of the market government used brain computer interface to capture my brain and forbid me to continue my work, they have cause laziness and distracting me from following my investments. They have attacked projects that I invested in using brain computer interface and operating system backdoors to mess up their code and make them fail. Government have been using OS backdoor to destroy my computers and smartphone and attacked my mining operations to put me out of business and denied me from using my computers. Governments are operating illegally to destroy economy and jobs. Government was using computer brain interface aka EMP (wireless electricity) to destroy my body and brain and I have physical evidence on my body to prove it. Caused amnesia to make me forget things like my password and reading passwords from my brain with computer brain interface and stealing my online accounts and game accounts to mess up my stats and steal items from games. When I demanded security serviced from governments around the world on which they have monopolies since nobody can join the industry and compete, they do not provide any service at all, proving that they are incompetent to provide protection to individuals and protection to the market and that security services industry should be privatized, when governments are involved they prove to be inefficient and expensive, they are taking so much of your money with taxes or tributes and cannot provide protection. Democratic socialism is a failure like communism and socialism proved to be a failure. I have been forcefully kept in Brasil by Brazilian terrorist government that supports capturing tourists and foreign investors by not providing services when private airline corporations steal your money by not providing transportation service after you pay for them multiple times. They wanted to cut my communication abilities by smashing my smartphone and laptop and ability to access assets to sell them to have money for accommodation and food. They want to manage my assets and force me to spend my money in their country by forcing me to stay and spend. I have been looking for a lawyer to deal with issues in their jurisdiction, but none of them would reply and that have proven to me not have justice system working here. You do not want to come to Brasil and invest here and open/do business because you cannot get to legal system to work here if you have issues. Investors are being captured and held restricted by terrorist governments of Croatia, Brazil and Malaysia and their property and body are being stolen and destroyed.

    All governments with a central bank are communist governments and are supporting and rewarding nazi/communist governments in siezing the means of production (digital money). I posses evidence for that claims, my father is inventor and developer of digital currency in late 1980s/early 1990a and his invention got siezed by the government of Croatia or Serbia and he went missing since then (i suspect he was murdered by the government).

    I have evidence of governments using brain computer interface and EMP (electromagnetic pulse) weirlessly with the use of wireless electricity to manipulte the brain (electro-chemically) and every aspect of the body. They can change how you look, remove or add hair or change its color, develop fatty cells on the body and develop cancerous cells, they can modify wants and needs to change your behavior and influence your purchasing preferences and manipulate the market economy, or want you join into certain behaviors like prostitution or drug smuggling due to addictions being sent electro-magnetically into your brain, they can cause pain in any part of the body by sending elecrtical signals to brain center that interprets the pain, those devices can make theets go bad and can make new teeths grow, they are using somebodies else signals from the brain on mine to male wisdom teeths grow in wrong direction now pushing other teeths onto one another, brain computer interface can color your teeths yellow and doctors will claim it is from tobacco, it can pick up all the feeling from one brain and send it to another, it cas look into history of person memories, they can sends and read thoughts and modify every aspect of the brain and body that you can think of. It can generate any illness imaginable onto the brain artificially. I am a capitalist cryptocurrency investor that is being destroyed and they exiled by communist serbs from proxy Croatia state and they nationalised 2 of my apartmamta in Osijek, My brain is heavily manipulated by those devices for the past 2.5 years and I could not follow my investments and lost more then 4 million USD while being captured and my human and common rights are being violated. I have been moving arund EU, went to Malaysia and now Brasil and they are all violating rights and human rights by destroying my body, health and destroying my property, stealing my money and cryptocurrencies. Brasil is now keeping me forcefully agains my will in their country, destroyed my devices that I need to access mu cryptocurrencies to exchange into money, banks in the EU are stealing money from my accounts and somebody from the governments and using brain computer details to read credit card numbers from my head and is spending my money from banks on online services. Serbs with proxy government of Croatia is stealing my online accounts by reading passwords from my brain. I am now in Sao Paulo (Brazil) at the international airport after being denied to board 2 flights and was not refunded upon request, went to report everything to the police but was refuesed service government has monopoly on and you have no other corporation to turn to for a this type of service. Both terrorist Serbian proxy Croatian and terrorist Brazilian government provided a proof that you cannot provide efficient type of services under government enforced monopolies and that they are operating illegally without regard for the constitution and laws.

    I have issues with governments hacking into my online accounts so you might have hard time reaching me due to emails being deleted by government in their efforts to cut communications

  4. @landlubber42069

    December 25, 2023 at 9:21 pm

    I see JPM selling puts to the retail bagholders. Inverse and buy calls, guys.

  5. @illegalsmirf

    December 25, 2023 at 9:21 pm

    So many Irish people in finance.

  6. @danielremorini8292

    December 25, 2023 at 9:21 pm

    Values stocks and land

  7. @simonshan8676

    December 25, 2023 at 9:21 pm

    Black swan will easily cause 5~10% down only one day

  8. @Oxazepam65

    December 25, 2023 at 9:21 pm

    Best way to protect yourself is to diversify as much as possible. If there is deflation, holding money or bonds is ideal. If the government print more money, then stocks, properties and gold becomes better. Since it's impossible to predict what the fed will do next, it's better to be diversify.

  9. @philipbell9301

    December 25, 2023 at 9:21 pm

    Residential real estate dropped 85% in Japan in their lost decade- horrible advice.

  10. @extrememike

    December 25, 2023 at 9:21 pm

    The rise of value…When would that happen?

  11. @lorrenraven

    December 25, 2023 at 9:21 pm

    Stocks are easy buy high sell low

  12. @lorrenraven

    December 25, 2023 at 9:21 pm

    I wouldn’t bet against j pow and Donald pump and their magic printer the economy hasn’t reflected the stock market for awhile now get on board to tendie town dippys

  13. @ancientkid1635

    December 25, 2023 at 9:21 pm

    SELL SO I CAN BUY MORE APPLE
    THANKS EPIC GAMES
    THANKS IDIOTS

  14. @briangman3

    December 25, 2023 at 9:21 pm

    Great segment, clear good audio and concise

  15. @johnf2926

    December 25, 2023 at 9:21 pm

    If fundamentals are the only factor that solves the market, then yes, but then you wish it's that simple …

  16. @georgemaximus694

    December 25, 2023 at 9:21 pm

    Just have the fed do the right thing and stop printing money out of thin air, raise interest rate, put a stop to this reckless risky investments incentive. There is never going to be productivity when they keep this up. Enough is enough, you can’t print real economy out of thin air.

  17. @pump5991

    December 25, 2023 at 9:21 pm

    Haha sure it’s been ripe for a pullback since 2800 and it’s now rotten 😂

  18. @keto6789

    December 25, 2023 at 9:21 pm

    They want everyone to sell so they can buy in cheap.

  19. @BachchaStayle

    December 25, 2023 at 9:21 pm

    nice bro #smallinvesters

  20. @fallentree2401

    December 25, 2023 at 9:21 pm

    Gold is not an inflation hedge. It is a hyper-inflation/deflation hedge. Deflation with gold and silver being the only "real currency" with intrinsic value and not this fiat currency crap. In normal inflation stocks out perform gold, its when hyperinflaion i.e. massive loss of fiat currency value, when gold out performs stock. Nobody thinks the us has the discipline to cut its budget. You have a Republican that is more close to a Democrat and you have a Democrat that more of a socialist running against him. Last time this happened was when Nixon was in office, and the us went off the gold standard. It will be the same this time around. The dollar devalued massively but was able to regain dominance based on the petro dollar. Well… what will stop the fall of the dollar this time around? The "there is no alternative" excuse will fall on deaf ears. How can the world expect discipline from the us, when it has not been able to show such virtue since Paul Volcker.

  21. @netstarr77

    December 25, 2023 at 9:21 pm

    These fedsters just kill me! Now after these crooks at the big banks that OWN the Federal Reserve printed and spent 7.5 TRILLION OF TAXPAYERS MONEY. They say we should worry about the deficit! Lol.
    #nationalizebigbanks #endthefed #stopthemoneyprinting

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Trump Dismisses ‘Little War’ With Iran as Borrowing Costs Rise | Daybreak Europe 9/1/2026

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters investors in Europe, giving you insight before trading begins.

President Donald Trump dismissed concerns that the conflict in Iran was draining American firepower as clashes resumed in the on-again off-again hostilities that have stretched more than six months, with neither side willing to restart negotiations to end the war.

Global bond yields climbed back to the highest level in almost two decades as rising oil prices fueled inflation concerns and investors ramped up expectations that the Federal Reserve will raise interest rates.

Plus, Anthropic agreed to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia, part of an effort to quickly expand its AI capacity, according to a person familiar with the matter.

Today’s guest: Lale Akoner, eToro, Global Market Analyst.

Chapters:
00:00:00 – Daybreak Europe
00:01:23 – Japan’s 10-Year Bond Yield Hits 3% First Time Since 1996
00:08:00 – Nvidia Mega-Deal Ushers MediaTek Into Top AI Chipmaker Club
00:11:55 – Trump Dismisses ‘Little War’ With Iran as Mideast Clashes Resume
00:14:26 – Bessent Meets With Finance Chiefs at G20 Gathering
00:17:05 – Modi Urges ‘Friend’ Putin to End Ukraine War
00:20:37 – Kaplan: Fed is Probably 50BP From Neutral
00:24:06 – Russia Faces Pushback
00:27:04 – Global Bond Selloff Sends Yields to the Highest Level Since 2008
00:30:02 – Lale Akoner, eToro, Global Market Analyst
00:34:23 – Europe Inflation Watch
00:39:22 – Shein’s Valuation Drops
00:41:42 – US Army Secretary Driscoll Resigns After Clash With Hegseth
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Nvidia Slides Ahead of Earnings as Tech Stocks Retreat | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Emily Graffeo, Norah Mulinda and Tim Stenovec.
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US, Iran Exchange Attacks, Apple’s Changing of the Guard | The Pulse 8/31/2026

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The US and Iran exchanged strikes for the first time in about a month as American forces hit an island in the Strait of Hormuz and the Islamic Republic responded by launching attacks on the United Arab Emirates and Jordan.

US Treasury yields ticked lower and stock futures were mixed as traders assessed the outlook for interest rates following Federal Reserve Chairman Kevin Warsh’s hawkish inflation comments at Jackson Hole.

John Ternus steps into his new role as Apple chief executive officer this week. Ternus won’t have much time before the company begins its annual fall product rollouts. This year the lineup will include an unusually ambitious slate of devices he’s been teasing for months internally.

Today’s guests: Bjoern Griesbach, Allianz Investment Management Head of Macroeconomic and Capital Market Research; James Kisner, Water Tower Research Technology Research Analyst.


“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse
00:00:23 – Stocks, gold drop on Fed rate-hike bets
00:01:13 – Bjoern Griesbach, Allianz Investment Management Head of Macroeconomic and Capital Market Research
00:09:17 – Oil gains as US hits Hormuz targets
00:11:14 – Trump’s Iran war exposes new challenge for Xi-Putin security bloc
00:14:04 – Germany’s Saxony-Anhalt holds elections Sept. 6
00:18:47 – Iceland votes to reject the European Union
00:21:41 – Monday top stories
00:23:02 – Monday headlines
00:23:25 – Apple’s Ternus takes CEO reins with AI first priority
00:26:22 – James Kisner, Water Tower Research Technology Research Analyst
00:33:58 – Lawmakers focus on compromise in UBS capital debate
00:36:08 – Shein falls in Hong Kong gray market
00:40:44 – BOE’s Bailey plays down inflation risk ahead of decision
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Why the US Is Stepping In to Prop Up Japan’s Yen

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The Japanese yen is so weak that even the US has stepped in to prop up the currency.

The joint US-Japan action, the first in 15 years, underscores their unprecedented determination to defend the Asian currency. Mia Glass explains why.

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Warsh Says Inflation Isn’t Slowing, Vows to Reach 2% Target

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Warsh reiterated that policymakers have a “firm, fixed target” of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg’s Maria Eloisa Capurro explains.
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