PremiumOn the 250th anniversary of the Declaration of Independence, Michael Cembalest, Chair of Market and Investment Strategy for JPMorgan Asset & Wealth Management, uses the imaginary “Aquilaceph” - a half bald eagle, half octopus - as a metaphor for America’s continued tight grip on global markets. Chapter 1: The dollar’s grip on reserve currency status defies the usual suspects
As The 'Sell-America' Trade Runs Out Of Steam, JPMorgan Strategy Chair Deep-Dives Washington's Grip Over Markets On Its 250th Birthday
America’s fundamental advantages - the dollar’s reserve status, highly profitable companies, AI leadership, & productivity edge - remain intact... but rising legal and political unpredictability remains medium-term clouds...
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