JPM’s Normand Sees Credit as Safer Way Back Into Markets

The transcript discusses investment strategies during a market downturn, emphasizing the importance of timing when buying equities. It suggests prioritizing high-grade credit markets over equities due to their relative safety and existing backstops. The discussion includes a hierarchy of investments, starting with high-quality credit, followed by equities, and finally emerging markets. The transcript highlights the need for a strategic approach to investing, considering the erratic nature of markets and the lack of direct bank support for equities.

What is the recommended initial investment choice when infection rates begin to slow down?

• Cryptocurrencies

• Emerging markets

• Equities

• Spread products credit

In the investment hierarchy, where do equities fit according to the discussion?

• Third tier

• Second tier

• First tier

• Fourth tier

What is considered the safest starting point in the investment sequencing?

• Safest credits

• Equities

• Emerging markets

• Cryptocurrencies

Which investment tier is associated with the highest risk due to lack of direct bank support?

• Equities

• Emerging markets

• High-quality credit

• Real estate

What is a major challenge for emerging markets according to the discussion?

• Excessive government debt

• High inflation rates

• Lack of IMF funding

• Overvaluation of currencies