JPM’s Kelly Warns Liquidity Flows Are Offsetting Worrying Fundamentals
Original Report
David Kelly, chief global strategist at JPMorgan Asset Management, sees a “natural bias upwards in the stock market” amid what he calls an artificial flow of liquidity. (Source: Bloomberg)
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Consumer prices rose 2.4% annually in February, as expected
The consumer price index in February was expected to show a 2.4% increase from a year ago, according to the Dow Jones consensus.
Tariffs, uncertainty and disruption: how drug makers and distributors can build operational supply chain resilience
Dow slides 500 points as oil prices move higher again amid Iran conflict: Live updates
Stock futures oscillated around the flatline after a bout of volatile trading over the previous session.
Tim Scott hopes Fed Chair Powell investigation 'goes away' to clear Kevin Warsh confirmation
President Donald Trump nominated Kevin Warsh to succeed Jerome Powell as Fed chair, but the process has been blocked amid a federal investigation into Powell.