JP Morgan's David Kelly - Spread Out or Miss Out: The Urgent Case for Diversification | #557

The Meb Faber Show - Better Investing

The Idea Farm

Business, Investing, Management

4.7 • 938 Ratings

🗓️ 8 November 2024

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Dr. David Kelly, Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. In today’s episode, Dr. David Kelly discusses various economic themes, including inflation, consumer sentiment, the value of the dollar, and the government deficit. He also covers the current state of global markets and urges listeners to reassess their risk exposure in light of recent wealth gains. (1:13) Economic outlook (4:12) Consumer behavior (8:24) Stocks and gold 2024 performance (13:27) US dollar and deficit concerns (20:44) Long-term capital market assumptions (26:52) Regional opportunities (33:09) David's favorite charts (36:56) Thoughts on immigration (39:37) Nonconsensus views on the federal deficit ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Follow The Idea Farm: Twitter | LinkedIn | Instagram | TikTok ----- Interested in sponsoring the show? Email us at [email protected] ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Medfavor show, where the focus is on helping you grow and preserve your wealth.
0:10.9	Join us as we discuss the craft of investing and uncover new and profitable ideas, all to help you grow wealthier and wiser.
0:16.9	Better investing starts here.
0:19.5	Metfabor is the co-founder and chief investment officer at Cambria Investment Management.
0:22.5	Did it industry regulations, he will not discuss any of Cambria's funds on this podcast.
0:25.8	All opinions expressed by podcast participants are solely their own opinions and do not reflect
0:28.9	the opinion of Cambria investment management or its affiliates.
0:31.2	For more information, visit cambrain investments.com.
0:34.0	Using my Barclay card forward credit card to pay for the stuff I need now could help build up my credit school for the day I need something bigger.
0:40.4	So buying a set of headphones
0:42.1	or waits for my workout,
0:44.6	smashed it, could help in the future when I want to rent my first flat share.
0:49.4	Now that's forward thinking.
0:51.4	Check if you're eligible at barclaycard.com.
0:56.9	33.9% APR representative variables,
1:00.7	subject to application, financial circumstances and borrowing history, T's and Cs apply.
1:03.9	Responsible use of a credit card can help build your credit score when you pay on time.
1:09.6	Welcome back, everybody. We got another awesome show today. Our returning guest is Dr. David Kelly.
1:12.9	Dr. Kelly is the chief global strategist and head of the Global Market Insight Strategy Team for J.P. Morgan Asset Management. He also
1:18.6	publishes notes on the week ahead, which is read by over 100,000 people. Dr. Kelly, welcome
1:23.8	back to the show. Glad to be here, Matt. Last time we had you on, which would have been January of 2023, I think.
1:34.3	It's been a while. I asked you what sort of view did you hold that most of your peers didn't hold.
	...

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