---
title: Wealth Management Blog | WrapManager | JP Morgan (3)
description: JP Morgan | Helpful tips, tactics and information about investment planning, money manager research, and managing your retirement. (3)
---

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### [J.P. Morgan's David Kelly on the Current Economic Environment](https://www.letsassemble.com/wealth-management-blog/j.p.-morgans-david-kelly-on-the-current-economic-environment)

 Posted by [ WrapManager's Investment Policy Committee ](https://www.letsassemble.com/wealth-management-blog/author/wrapmanagers-investment-policy-committee)

March 15, 2016

[![J.P. Morgan's David Kelly on the Current Economic Environment](http://www.wrapmanager.com/hubfs/MM_Logo_Images/JP_Morgan_Asset_Mgmt.jpg) ](https://www.letsassemble.com/wealth-management-blog/j.p.-morgans-david-kelly-on-the-current-economic-environment)

J.P. Morgan's Chief Strategist, David Kelly, addresses the liklihood of a recession in the current, emotionally charged market enviroment. Read the full transcript of his commentary below.

"Hello. This is David Kelly. I’m Chief Strategist here at J.P. Morgan Funds.

In finance, almost as much as in politics, the most passionate and least reflective voices receive the most attention. [A slump in Chinese stocks](http://www.wrapmanager.com/wealth-management-blog/will-chinas-market-volatility-affect-your-investment-portfolio) and the Chinese currency at the start of the year triggered a global stock market selloff. This, together with [lower oil prices](http://www.wrapmanager.com/wealth-management-blog/what-falling-oil-prices-mean-for-your-portfolio-strategy) and some pretty weak numbers on global manufacturing, prompted many loud voices to say that the U.S. is either already in recession or is falling into one with near certainty. These dire predictions, in turn, have frightened many investors who remember the pain of seeing the stock market fall in half in the last two recessions. 

However, in this emotionally charged atmosphere, there are four key aspects of the current economic and financial environment that investors need to appreciate:

[[+] Read More](https://www.letsassemble.com/wealth-management-blog/j.p.-morgans-david-kelly-on-the-current-economic-environment)

[Economic/Market Outlook](https://www.letsassemble.com/wealth-management-blog/topic/economicmarket-outlook) [JP Morgan](https://www.letsassemble.com/wealth-management-blog/topic/jp-morgan)

[![JP Morgan - Q1 2015 Earnings Recap](http://www.wrapmanager.com/hubfs/MM_Logo_Images/JP_Morgan_Asset_Mgmt.jpg)](https://www.letsassemble.com/wealth-management-blog/jp-morgan-q1-2015-earnings-recap)

### [JP Morgan - Q1 2015 Earnings Recap](https://www.letsassemble.com/wealth-management-blog/jp-morgan-q1-2015-earnings-recap)

June 2, 2015

 JP Morgan's First Quarter Market Bulletin for 2015 provides a recap of the earnings season. "In Brief • We estimate that first quarter 2015 earnings-per-share (EPS) declined by 5.0% on a year-over-year (y/y) basis. Similar to the prior quarter, this was primarily due to lower oil prices and the stronger U.S. dollar (USD). • Excluding the energy sector, S&P 500 EPS grew by 9.1%, in-line with historical trends. We also estimate that the stronger U.S. dollar resulted in an average EPS decline of 5% for the most multinational non-energy companies. [[+] Read More](https://www.letsassemble.com/wealth-management-blog/jp-morgan-q1-2015-earnings-recap)

### [Same-Sex Marriage Treasury and IRS Guidance - JP Morgan](https://www.letsassemble.com/wealth-management-blog/same-sex-marriage-treasury-and-irs-guidance-jp-morgan)

September 12, 2013

 JP Morgan's recent report discusses how recent legislative changes can affect the taxes and retirement plans for same-sex married couples. [[+] Read More](https://www.letsassemble.com/wealth-management-blog/same-sex-marriage-treasury-and-irs-guidance-jp-morgan)

### [JP Morgan - A Whiff of Confidence](https://www.letsassemble.com/wealth-management-blog/jp-morgan-a-whiff-of-confidence)

May 23, 2013

 Dr. David Kelly, Chief Global Strategist at JP Morgan, examines the improving consumer confidence in the United States and the recent economic progress that has been made. [[+] Read More](https://www.letsassemble.com/wealth-management-blog/jp-morgan-a-whiff-of-confidence)

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