Emerging markets started the year strong, but have been underperforming since the Iran war started.

A.I. Index

JPM's oil reports have been so informative.

On March 30, the S&P 500 was down 7% in 2026, the 12th worst start to a year in history. After one of the biggest 4-week rallies ever, it's now up +5% YTD and above the average year at this point in time (+3%). There is no impossible in markets.

A.I. could have biggest job impact