Patrik Schowitz

Patrik Schowitz is a global multi-asset strategist at JP Morgan Asset Management.
Patrik Schowitz
Patrik Schowitz is a global multi-asset strategist at JP Morgan Asset Management.

Latest from Patrik Schowitz

Macroscope | From the trade war to Brexit and the Hong Kong turmoil, simmering political issues remain a threat to global growth

Recent positive developments in some of the major issues weighing on markets, from the US-China trade war to Hong Kong’s protests, offer a welcome respite. But economic fundamentals remain weak and policymakers’ toolboxes are limited.

13 Sep 2019 - 10:30PM

Recent positive developments in some of the major issues weighing on markets, from the US-China trade war to Hong Kong’s protests, offer a welcome respite. But economic fundamentals remain weak and policymakers’ toolboxes are limited.

From the trade war to Brexit and the Hong Kong turmoil, simmering political issues remain a threat to global growth
Macroscope | Trade war doubts and central bank loosening have done the unthinkable – brought down bond yields and driven up equities

Normally falling bond yields are a sign of conditions that bring down equity markets. That’s not the case at the moment, but failure to resolve the trade dispute could end equities’ winning streak.

13 Jul 2019 - 7:30AM

Normally falling bond yields are a sign of conditions that bring down equity markets. That’s not the case at the moment, but failure to resolve the trade dispute could end equities’ winning streak.

Trade war doubts and central bank loosening have done the unthinkable – brought down bond yields and driven up equities
Macroscope | Amid the trade war, Asia cannot count on Chinese stimulus to boost growth this time around

While China’s boost to the property sector in 2016 translated into an increase in commodity imports from emerging Asia, this year’s infrastructure-focused stimulus is unlikely to have the same effect. Meanwhile, trade war headwinds are likely to hit exports from the region.

14 Jun 2019 - 10:31PM

While China’s boost to the property sector in 2016 translated into an increase in commodity imports from emerging Asia, this year’s infrastructure-focused stimulus is unlikely to have the same effect. Meanwhile, trade war headwinds are likely to hit exports from the region.

Amid the trade war, Asia cannot count on Chinese stimulus to boost growth this time around
Macroscope | Even a trade war deal with the US won’t be a cure-all for China’s economy and stock market

A close look at the Shanghai benchmark index reveals investors were already less bullish before the latest trade war flare-up. Chinese investor sentiment is also closely linked to whether the central bank will take further stimulus measures.

24 May 2019 - 10:44PM

A close look at the Shanghai benchmark index reveals investors were already less bullish before the latest trade war flare-up. Chinese investor sentiment is also closely linked to whether the central bank will take further stimulus measures.

Even a trade war deal with the US won’t be a cure-all for China’s economy and stock market
Macroscope | Will markets extend their record-breaking run into 2020? Watch what corporate profits tell us

Despite a recent surge, stock markets are roughly where they were before last year’s drop-off. Investors should watch what companies are saying about global conditions to anticipate what’s next.

26 Apr 2019 - 10:28PM

Despite a recent surge, stock markets are roughly where they were before last year’s drop-off. Investors should watch what companies are saying about global conditions to anticipate what’s next.

Will markets extend their record-breaking run into 2020? Watch what corporate profits tell us
Macroscope | The Federal Reserve’s dovish stance might not last as long as exuberant investors expect

While markets’ optimistic response to progress on a US-China trade deal and Chinese economic stimulus seems sensible, expectations that the Fed will continue its leniency in this cycle may be overblown.

22 Mar 2019 - 10:27PM

While markets’ optimistic response to progress on a US-China trade deal and Chinese economic stimulus seems sensible, expectations that the Fed will continue its leniency in this cycle may be overblown.

The Federal Reserve’s dovish stance might not last as long as exuberant investors expect
Macroscope | China’s stimulus plan will lift the economy, just not right away

Despite the gloom of a slowdown as the impact of a trade war with the US hits, the raft of policy measures Beijing is taking is boosting market optimism. The strong rally in the stock market may well signal the economic cycle is ready to turn.

8 Mar 2019 - 10:29PM

Despite the gloom of a slowdown as the impact of a trade war with the US hits, the raft of policy measures Beijing is taking is boosting market optimism. The strong rally in the stock market may well signal the economic cycle is ready to turn.

China’s stimulus plan will lift the economy, just not right away
Macroscope | Markets should expect companies to lower growth expectations – and then to beat them

If investors are looking for something to bank on amid market chaos, take the projected profit growth coming out of US companies, then add 3 to 4 percentage points

1 Feb 2019 - 10:30PM

If investors are looking for something to bank on amid market chaos, take the projected profit growth coming out of US companies, then add 3 to 4 percentage points

Markets should expect companies to lower growth expectations – and then to beat them
Macroscope | Why China’s economy faces a bumpy first half of 2019, even if ‘trade peace’ breaks out soon

Weak stimulus measures by the government and debt concerns mean China’s economy is likely to get worse before it gets better.

18 Jan 2019 - 10:19PM

Weak stimulus measures by the government and debt concerns mean China’s economy is likely to get worse before it gets better.

Why China’s economy faces a bumpy first half of 2019, even if ‘trade peace’ breaks out soon
Global growth is faltering, and gloom hangs over markets and investors. Just how did we get here?

While conditions in the US remain stable, the economies of China, Japan and Europe are struggling. US success, however, means the Federal Reserve looks set to continue tightening rates to prevent inflation.

30 Nov 2018 - 10:17PM

While conditions in the US remain stable, the economies of China, Japan and Europe are struggling. US success, however, means the Federal Reserve looks set to continue tightening rates to prevent inflation.

Global growth is faltering, and gloom hangs over markets and investors. Just how did we get here?
Opinion | China, other Asian markets are still a better long-term bet than developed economies, so don’t follow the herd

Recent news may be pushing investors away from China and emerging markets, but long-term growth trends mean now may well be a good time to buy.

9 Nov 2018 - 10:32PM

Recent news may be pushing investors away from China and emerging markets, but long-term growth trends mean now may well be a good time to buy.

China, other Asian markets are still a better long-term bet than developed economies, so don’t follow the herd
Macroscope | Trade war, rising interest rates call for caution, even though global growth looks strong

With the US and China digging in for a prolonged trade fight and central banks tightening monetary policy, caution is needed and investors should cast a prudent eye over their portfolios and consider longer duration bonds.

12 Oct 2018 - 10:31PM

With the US and China digging in for a prolonged trade fight and central banks tightening monetary policy, caution is needed and investors should cast a prudent eye over their portfolios and consider longer duration bonds.

Trade war, rising interest rates call for caution, even though global growth looks strong
Macroscope | Contagion fear: emerging markets’ currency crises spook investors far and wide. How will Asia fare?

As bad as the news has been for emerging markets, particularly Turkey, Argentina and South Africa, there’s little risk of a total meltdown among Asia’s emerging economies, where fundamentals look sound.

7 Sep 2018 - 10:29PM

As bad as the news has been for emerging markets, particularly Turkey, Argentina and South Africa, there’s little risk of a total meltdown among Asia’s emerging economies, where fundamentals look sound.

Contagion fear: emerging markets’ currency crises spook investors far and wide. How will Asia fare?
Macroscope | When earnings are up, why are investors anticipating a stock market downturn?

Current valuations amid a solid growth environment, particularly reflected in strong corporate earnings in the US, make equities attractive.

3 Aug 2018 - 10:31PM

Current valuations amid a solid growth environment, particularly reflected in strong corporate earnings in the US, make equities attractive.

When earnings are up, why are investors anticipating a stock market downturn?
Is it time to cash out of the stock markets? How investors should react to signs of a coming downturn

The US is in the late phase of its economic cycle, leaving investors wondering when a downturn will come. However, this phase can last years and the decline is likely to be gradual, giving them opportunities to get out in time

29 Jun 2018 - 10:30PM

The US is in the late phase of its economic cycle, leaving investors wondering when a downturn will come. However, this phase can last years and the decline is likely to be gradual, giving them opportunities to get out in time

Is it time to cash out of the stock markets? How investors should react to signs of a coming downturn