Global Data Pod Weekender: Gift horses

Amid plenty to worry about of late, we appreciate this week’s data showing a resilient global expansion. From our global PMI’s pointing to trend-like growth, to improvements in manufacturing bellwethers Asia and the US, to a robust payroll report in the US that comes with positive news on labor supply, the message is clearly positive. The risks from a weak Europe, rising bond yields, and a higher-for-longer Fed are not ignored, however. Speakers: Bruce Kasman Joseph Lupton This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved.