Shows
PonderlandPondering Global Tensions, Boeing Safety, and Father's Day in A&EDavid reflects on a range of recent events, both global and personal, with his signature blend of analysis and anecdote.David dives straight into the escalating Iran-Israel war, discussing its complexities, Iran's potential nuclear program, and his hopes for regime change in Iran from within the people, paving the way for democracy and tourism in ancient Persia.He then shifts focus to the concerning incidents involving Boeing 787 Dreamliner aircraft, including a recent tragic crash and another technical issue, which sparks a broader critique of corporate culture.On a lighter, more personal note...2025-06-1620 minPonderlandPondering Gaza, The Devil's Game, and Jimmy Savile's LoopholeWelcome to Ponderland, Episode 54! Recorded on June 4th, 2025, this episode opens with Jane's Addiction's "Sympathy for the Devil," a choice David explains as he delves into what he considers the most intolerable situation in the world: the ongoing crisis in Gaza.David lays bare the grim realities: the dire lack of humanitarian aid reaching Gaza, the reported killings of Palestinians at aid points, and the concerning White House criticism of the BBC's reporting integrity. He strongly recommends listening to recent episodes of The Free State podcast (featuring Doctor McMonagle, who describes Gaza as "worse than hell") and...2025-06-0418 minPonderlandPondering Council Bluffs: Gateway to the West, Unsolved Mysteries & MoreWelcome to Ponderland, Episode 53! Recorded on May 28th, 2025, David dedicates this entire episode to a fascinating deep dive into Council Bluffs, Iowa. Inspired by a listener from this very city, David embarks on a journey to uncover its rich history and unique character.Before delving into Council Bluffs, David gives a quick update on the English Premier League – including a lament about Manchester United's worst-ever finish and a brief, condemning mention of a disturbing incident at Liverpool's title celebrations. He also reiterates his stance on the ongoing Gaza situation, advocating for a two-state solution.The ma...2025-05-2817 minPonderlandPondering Gaza's Children, Star Wars Ethics, and the Grown-Up ProblemWelcome to Ponderland, Episode 52! Join David as he takes you on a thought-provoking journey from the urgent humanitarian crisis in Gaza to the philosophy of rebellion in Star Wars and why adults often ruin things for kids. Recorded on May 21st, 2025, this episode is a passionate call for empathy and understanding in a complex world.David begins by focusing on the devastating UN reports of 14,000 babies facing starvation in Gaza, powerfully arguing that no action justifies such suffering. He envisions a two-state solution as the ultimate utopia, emphasising that organisations like Hamas are born out of oppression...2025-05-2116 minPonderlandPondering UK Politics, Universal Memory & Why Spicy Cheetos are Dangerous Welcome back to Ponderland with David! In Episode 51, David is back sooner than expected to dive into the thoughts that have been occupying his mind.First up, he tackles UK Politics, spurred by listening to The News Agents podcast. David discusses the controversial comparison being made between current UK Prime Minister Sir Keir Starmer and the infamous Enoch Powell over immigration rhetoric. He explores the complexities of migration, the idea of necessity vs. a "free ride," and whether societies truly want integration or remain an "island of strangers."This leads to a philosophical ponder: Is...2025-05-1418 minPonderlandPondering Popes, Protests, and a Planet in FluxAfter a break, David is back with a packed episode of Ponderland, diving into everything that's happened since March. Your host shares his unvarnished thoughts on a world that hasn't stood still.Tune in as David catches you up on major global events, including the passing of a Pope and the unexpected rise of the first American pontiff, Pope Leo the 14th – and what his leadership could mean for the Catholic Church's future.But it's not all religious transitions. Get David's candid take on the ongoing conflicts in Gaza and Ukraine, the complexities of international re...2025-05-0923 min
Insights NowEquity research insights: Key analyst takeaways & top investor questionsWatch the video version of YouTube.
In our thirteenth season of Insights Now, we delved into the research that informed our portfolio managers' investment strategies. Gabriela Santos engaged in insightful discussions with top-tier buy-side equity research analysts from J.P. Morgan Asset Management, covering a diverse array of sectors such as semiconductors, payments and fintech, industrials, utilities, healthcare, and financials. For the last episode of the season, Gabriela Santos, Chief Market Strategist for the Americas, and David Kelly, our Chief Global Strategist, reflected on the most memorable highlights from that season's extensive conversations. Additionally, they answered the t...2025-05-0220 min
Insights NowAlternative Realities: Tech-driven alternative investmentWatch the video version on YouTube.
In this episode of Alternative Realities, we delve into the transformative landscape of venture and growth equity investing with a focus on technology and healthcare. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Patrick McGoldrick, Managing Partner of J.P. Morgan Private Capital, to discuss the evolution and current landscape of venture capital.
The conversation highlights the high-risk, high-reward nature of venture capital, the importance of skilled management and the strategic approach J.P. Morgan employs in identifying investment opportunities.
Jo...2025-04-1020 minPonderlandPondering Global Turmoil: Trump, Tariffs, and a Signal ScandalIn this episode of Ponderland, David dissects a chaotic month of global headlines. From the contentious Trump-Zelensky meeting and escalating trade tariffs impacting Mexico, China, and Europe, to the renewed conflict in the Middle East and the UK's controversial spring statement, the world seems to be in disarray. A major focus is the explosive Signal app scandal, revealing a potential national security breach involving the US administration's plans for a missile strike on Houthi rebels in Yemen. David critiques the administration's handling of the situation and its attack on freedom of the press. Amidst the political turmoil, a personal...2025-03-2628 min
Insights NowAlternative Realities: Opportunities in global forestry and timberWatch the video version on YouTube.
In this episode of Alternative Realities, we explore the world of timber as an alternative investment asset class. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Angela Davis, President of Campbell Global, a subsidiary of J.P. Morgan Asset Management, to explore the unique benefits and opportunities timber offers to investors.
The discussion covers the perpetual lifecycle of timber forestry, the global footprint of Campbell Global’s forest management and the sustainable nature of timber as a climate-friendly product. The conversation also tou...2025-03-2121 minInsights NowAlternative Realities: Building an investment plan with alternativesWatch the video version on YouTube.
In this episode of Alternative Realities, we explore the dynamic world of alternative investments and their increasing accessibility to a broader range of investors. As these asset classes become more mainstream, we discuss their role in diversifying portfolios and enhancing returns.
Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by David Lebovitz, Managing Director and Strategist at the Multi-Asset Solutions Group, to discuss the inception and evolution of the Guide to Alternatives. They delve into the structure and importance of alternative investments, the i...2025-03-0620 minPonderlandPondering the End of the World as we know it!Simply, this is the day where David feels that the R.E.M. lyric has come to pass, it's the end of the world as we know it, but David isn't feeling fine.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 P...2025-02-2831 minPonderlandPondering Presidential Pranks, Plane Perils, and Planetary AlignmentsIn this episode of Ponderland, David dives into a week of bizarre news, starting with a strange social media post from a certain president and the questionable antics of his billionaire associate. He then recounts a nerve-wracking experience flying on a turboprop plane, reflecting on aviation safety and his growing fear of flying. David also touches on the latest developments in the Middle East, the shifting political landscape, and a rare celestial alignment of seven planets.Join David for a captivating blend of personal anecdotes, reflections on current events, and a touch of cosmic wonder.2025-02-2615 minPonderlandPondering Gaza, Geopolitics, and a Birthday WishIn this episode of Ponderland, David delves into the complex world of geopolitics, starting with a controversial proposal to relocate the population of Gaza and the shifting alliances between world leaders. He discusses the implications of these events for international relations and expresses concern about the increasing instability in the Middle East. David also reflects on his birthday and shares a hopeful message about the importance of personal values and making a positive impact in the world.Join David for a thought-provoking discussion on global politics, personal growth, and the power of hope in uncertain times2025-02-2115 min
Insights NowDoes it pay to invest in payments?Watch the video version on YouTube.
When people think of the financial sector, they typically think of boring businesses like banks or insurance companies. But the ongoing global shift to electronic payments has created a new, growthier industry of financial technology companies. These businesses tend to feature recurring revenues, high free cash flow, and low capital expenditures. The financial services sector, which houses Visa and Mastercard, returned 28% last year, while the consumer finances sector, home to credit card companies like American Express and Capital One, returned 55%, outperforming the Magnificent 7. Continued growth in consumer spending, a steeper yield c...2025-02-1318 minInsights NowAlternative Realities: Institutional strategies in alternative assetsWatch the video version on YouTube.
In this episode of Alternative Realities, we delve into the evolving landscape of alternative investments and their growing role in institutional portfolios. As the world of alternative investing becomes more accessible, we’ll explore how institutions have historically leveraged these assets for diversification and enhanced returns. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Kathryn Pasqualone, Client Advisor within our North America Institutional business, to discuss key themes such as vintage year diversification, liquidity considerations, and the importance of strategic and tactical asset allocation.
...2025-02-1020 minPonderlandPondering Trump's plan for Gaza, Zombie Spiders, and the Potential Innocence of Lucy LetbyIn this episode of Ponderland, David delves into a controversial proposal to relocate the population of Gaza and explores the potential implications of this ethnic cleansing. He then shifts gears to discuss the chilling discovery of zombie spiders in Irish caves, pondering the implications of this unsettling phenomenon. David also examines the case of Lucy Letby, convicted of murdering seven babies, and discusses new evidence that may prove her innocence. He concludes with a hopeful message about the possibility of redemption and the importance of believing in humanity.Join David for a thought-provoking exploration of current...2025-02-0519 minInsights NowAlternative Realities: Strategic Investing Amid UncertaintyWatch the video version on YouTube.
As the U.S. economy continues its robust growth into 2025, this episode of Alternate Realities delves into the complexities of investing amidst challenges like inflation, interest rate volatility and market concentration. Dr. David Kelly, Chief Global Strategist, is joined by Oksana Aronov, Head of Market Strategy and Alternative Fixed Income, and Hamilton Reiner, Portfolio Manager and Head of U.S. Equity Derivatives. They discuss the importance of diversification and strategic hedging in both fixed income and equity markets, emphasizing the need for absolute return strategies. The conversation also highlights the potential f...2025-01-3018 minPonderlandPondering Storm Eowyn, DeepSeek, and the Carryduff Swimming Pool CampaignIn this episode of Ponderland, David shares his experience of flying through Storm Eowyn, describing the turbulent journey and reflecting on the power of nature. He then delves into the world of artificial intelligence, discussing the emergence of DeepSeek, a new competitor to ChatGPT, and its potential impact on the AI landscape. David also turns his attention to a local cause, launching a passionate campaign for a new swimming pool in Carryduff, and calls on his listeners to support the initiative.Join David for a captivating blend of personal anecdotes, technological insights, and community activism. 2025-01-2921 minPonderlandPondering the New Age: Musk, Trump, and the Tech OligarchyIn this episode of Ponderland, David dives into the chaotic whirlwind of recent political and tech news. From Elon Musk’s exuberant and controversial gestures to the President’s bold moves, including controversial pardons and the reshaping of America’s global stance, it's a time of great unpredictability. David looks at the emerging "tech oligarchy" and the potential implications of tech moguls like Musk, Zuckerberg, and Bezos shaping our political landscape. Also, a deep look at the shifting tides of political correctness and the notion of a “woke” America. With a mix of sports, personal reflections, and thought-provoking questions, this episo...2025-01-2218 minPonderlandPondering "Lockerbie," Catfishing, and Hope in GazaIn this week's episode, David reflects on the devastating fires ravaging Los Angeles and the increasing impact of climate change, questioning the role of influential figures like Elon Musk in tackling this global crisis. He also dives into the intense drama of the Lockerbie bombing, with a recommendation to watch the gripping TV show Lockerbie, and explores the bizarre world of online deception in the Two Johnnies podcast’s latest story, “The GAA Catfish.” Plus, some good news as David discusses the hopeful ceasefire agreement between Israel and Hamas and the possibility of a new era for Gaza. Tune in for...2025-01-1515 minInsights NowAlternative Realities: Exploring alternatives in 2025Watch the video version on YouTube.
Despite last year's excellent returns in public markets, alternative assets are garnering increased attention due to their income diversification benefits, high equity valuations and the potential for above-trend inflation. As alternative investments become more accessible to the public, allocations to these assets are expected to rise in the coming years. This trend underscores the importance of general education and thought leadership in the field of alternative investments. This is precisely the mission of the Guide to Alternatives and the Alternative Realities podcast. On this episode, Dr. David Kelly is joined by A...2025-01-1029 minPonderlandPondering the Gulf of America (and other Political Absurdities)In this episode, David dives into the bizarre claims and ambitions of some of the most controversial figures shaping global politics today. From Donald Trump’s outlandish ideas about renaming the Gulf of Mexico to the Gulf of America, to his territorial desires over Canada, Greenland, and the Panama Canal, David ponders aloud at the absurdity of his land grabs and what they could mean for international relations. Meanwhile, Marjorie Taylor Greene, Elon Musk, and Errol Musk weigh in with their own strange political agendas, from advocating for a divisive figure like Tommy Robinson to backing far-right movements across Eu...2025-01-0814 minPonderlandHappy New Year: Pondering Aviation Safety, Business Ethics, and Sharks in IrelandIn this episode of Ponderland, David reflects on a recent aviation disaster in South Korea and discusses the importance of prioritising safety over profits in the airline industry. He also delves into the principles of ethical business practices, emphasising the value of prioritising customers and employees. David then shifts gears to discuss a fascinating news story about the arrival of great white sharks in Irish waters due to climate change, sharing humorous anecdotes and pondering the implications for swimmers and beachgoers.Join David for a thought-provoking discussion on safety, ethics, and the unexpected consequences of climate...2025-01-0121 min
Insights NowInsights Now 2024 wrappedWatch the video version on YouTube.
The end of the year is near, and that means everyone is comparing their Spotify Wrapped and Apple Music Replays, making the case for why their most-listened-to song is the best. We wanted to do something similar for Insights Now. That is why, for our final episode of season 12, we will reflect on some of the most important takeaways from the 23 episodes we recorded this year. From exploring the fastest-growing themes in alternatives to navigating the complexities of the U.S. election, we’ve covered a lot of ground, so stay tun...2025-01-0116 minInsights NowAlternative Realities: Unlocking the potential of transport assets in modern portfoliosWatch the video version on YouTube.
In this episode of Alternative Realities, we’re going to explore the transportation sector's resilience amid geopolitical and market disruptions. we'll talk about how transport assets, like ships and planes, have shown stability during events such as the pandemic and geopolitical tensions. The discussion highlights the sector's critical role in global trade, the impact of regulations like the Jones Act and the evolving landscape influenced by tariffs and China's economic activity.
Dr. David Kelly, Chief Global Strategist is joined by Anurag Agarwal, Head Portfolio Manager for o...2024-12-2720 minPonderlandChristmas Special: Pondering a Christmas Eve Eve MiracleIn this Christmas Eve Eve episode of Ponderland, David recounts a hilarious and heartwarming holiday mishap. While visiting family, he and his family find themselves locked out of their car... and their house! Join David as he shares the story of their Christmas Eve Eve adventure, complete with a frustrating call to the AA, an unexpected hero in the form of his father-in-law, and a surprising discovery that could have saved the day much earlier.Tune in for a festive tale of family, frustration, and the true spirit of Christmas.Connect with Ponderland:...2024-12-2436 min
Insights NowThe “new 60/40” portfolioWatch the video version on YouTube.
In recent years, the notion of “correct” portfolio construction has been challenged and diversification has become unpopular. Stocks and bonds have shown an increased propensity to move together, calling into question the efficacy of the classic “60/40” portfolio. Moreover, sustained outperformance in select segments of global financial markets has caused portfolios to drift away from target allocations and left many investors with little motivation to allocate elsewhere. However, with a new year comes new forces driving markets, and the winners of the past may not be the winners of the future. To prepare p...2024-12-1918 minPonderlandPondering the Three Wise Men and the Spirit of ChristmasIn this episode of Ponderland, host David reflects on the festive spirit and the joys of attending his youngest's nativity play. What begins as a celebration of Christmas quickly evolves into a deep pondering about the role of the three wise men in the nativity story. David muses on their journey, the gifts they presented, and what kind of lasting impact they might have had on Jesus's life, sparking a wider exploration of whether their involvement in Jesus’s story could have extended beyond the birth event.David also reflects on the challenges of modern life, sharing hi...2024-12-1822 minPonderlandPondering Christmas with Google GeminiIn this festive episode of Ponderland, David invites Google Gemini to join him for a Christmas conversation. They discuss holiday traditions around the world, the impact of AI on celebrations, and the latest news headlines, including a bizarre assassination in Russia involving an exploding scooter. David and Gemini also delve into the future of technology, city planning, and the potential for significant breakthroughs in 2025.Join David and Google Gemini for a unique and thought-provoking Christmas conversation.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on...2024-12-1714 minInsights NowAlternative Realities: Navigating the future of infrastructureWatch the video version on YouTube.
The pandemic, geopolitical tension and climate change have revived industrial policy around the globe. In the U.S., the IIJA, IRA, and CHIPs act collectively represent the largest investment in infrastructure since the Cold War. In particular, there are significant opportunities in modernizing and expanding the electrical grid as decarbonization and data centers drive up demand. In addition to these secular tailwinds, core infrastructure’s steady, uncorrelated cash flows make it a valuable portfolio diversifier. Today, Dr. David Kelly is joined by Chris Simard, an Investment Specialist in the J.P. Mor...2024-12-1214 minPonderlandPondering Lidl, Popeyes, and the Curious Case of the Queuing ConsumersIn this episode of Ponderland, David delves into the curious case of consumer behaviour surrounding the opening of a new Lidl supermarket. He explores the psychology behind the excitement and questions the motivations behind queuing for hours to experience a new store. David also touches on the recent developments in Syria, the toppling of Assad, and the implications for the Middle East. He concludes with reflections on the upcoming Christmas season and his own quest for the perfect Christmas tree.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David...2024-12-1212 min
Insights Now2025: Out of the cyclical storm and into the policy fogWatch the video version on YouTube.
Despite uncertainty at the onset, 2024 is shaping up to be yet another impressive year for the economy and markets. A resilient consumer has put the U.S. on pace for another year of above-trend growth, and the S&P 500 has rallied over 25% so far, breaching $6,000 for the first time in history. That said, with a new year comes new opportunities as well as challenges. As the cyclical imbalances exacerbated by the pandemic and tight monetary policy continue to improve, economic conditions should normalize further in 2025, although a new element of policy...2024-12-0520 minPonderlandPondering Longevity Escape Velocity and the Future of HumanityIn this episode of Ponderland, David explores a wide range of thought-provoking topics. He discusses the UK Parliament's recent vote in favor of assisted dying, examines the escalating tensions between Russia and Ukraine, and delves into the fascinating history of how radio waves were discovered. David also ponders the concept of "longevity escape velocity" and the potential for humans to significantly extend their lifespans.Join David for a captivating exploration of current events, scientific advancements, and the future of humanity.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David...2024-11-2920 minInsights NowAsset allocation in the year aheadWatch the video version on YouTube.
As we usher in a new year, the investment landscape is almost certainly set to change. That’s why in our twelfth season of Insights Now titled, “Preparing for the path forward,” Dr. David Kelly will sit down with portfolio managers and strategists from across J.P. Morgan to discuss their key takeaways from 2024, and what they expect from the economy and markets in 2025. With the new year just around the corner, tune in to hear what opportunities we are most excited about, and what risks we are most mindful of, headin...2024-11-2116 minPonderlandPondering Oil: A TV Drama Sparks a Journey Through TimeIn this episode of Ponderland, David takes an unexpected journey into the history of oil, sparked by the TV drama "Landman." He explores the origins of oil, its discovery and utilisation by humans throughout history, and the environmental and societal impact of our dependence on this resource. David also delves into the story of Edwin Drake and his ground-breaking quest to find a reliable source of oil, known as Drake's Folly.Join David for a fascinating exploration of oil, its role in shaping our world, and the challenges we face in transitioning to a more sustainable...2024-11-1929 minPonderlandPondering Life, Death, and the Irish Wake: A Halloween ReflectionIn this special Halloween episode of Ponderland, David reflects on the recent passing of his uncle and the Irish tradition of the wake. He shares poignant memories of his uncle and cousin, exploring themes of grief, family, and the afterlife. David also delves into the ancient Celtic origins of Halloween (Samhain) and the belief in a thin veil between the worlds.Join David for a moving exploration of life, death, and the enduring power of memory.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on...2024-10-3124 min
The Learning & Development PodcastL&D and Leadership Trends with David KellyWhen we have an opportunity to understand L&D and Leadership trends from global L&D experts we should take them, right? On the eve of DevLearn, David Kelly (Chairman of the Learning Guild) gives us his perspective on the things we should be paying attention to as well as the areas we should be focusing our development on. KEY TAKEAWAYS Technology is changing the L&D landscape and we need to evolve with it, but this is something L&D has always done, the same conversations are happening the circumstances are just slightly different. L...2024-10-2943 min
Insights NowAlternative Realities: Democratizing access to alternativesWatch the video version on YouTube.
On previous episodes, we’ve discussed what’s called the “democratization of alternatives.” Put simply, alternatives have become more accessible to individuals as the investment vehicles have evolved to address pain points like high minimums and long lockup periods. Dr. David Kelly, Chief Global Strategist at J.P. Morgan Asset Management, is joined by Anastasia Amoroso, the Chief Investment Strategist at iCapital. The platform is designed to help clients navigate the world of alternative investments. We’ll hear from Anastasia about what iCapital does to help individuals feel confident investing in alternativ...2024-10-2423 minInsights NowTaxes, deficits and federal debt, “Oh my!”Watch the video version on YouTube.
The U.S election is just a few short weeks away, and many investors are picking through campaign-trail noise to decipher what policies each administration would pursue and their implications. With both Former President Trump’s and Vice President Harris’s campaigns promising hefty amounts of spending but few clues on how it will be funded, the longer-term trajectory for taxes, the deficit and federal debt is largely uncertain, but must be addressed. According to the Congressional Budget Office, U.S. debt held by the public as a percent of GDP is ex...2024-10-2419 minPonderlandPondering Black and White and the Nuances of ConflictIn this episode of Ponderland, David grapples with the complexities of the Israeli-Palestinian conflict following the death of Hamas leader Yahya Sinwar. He challenges the simplistic narrative of good vs. evil, arguing that every conflict must be viewed through a nuanced lens. Drawing parallels between the Palestinian struggle and the Rebel Alliance in Star Wars, David explores the roots of oppression and resistance. He also reflects on the tragic consequences of the war, including the death of innocent civilians like 19-year-old ShabanJoin David for a thought-provoking discussion that will challenge your perspectives and leave you...2024-10-1831 minPonderlandPondering Gaza - Descent into Hell?David delves into the horrifying reality in Gaza following the bombing of Al-Aqsa hospital. Listener discretion is advised, as David describes graphic scenes and discusses the escalating conflict. He questions the justifications given for the attacks and the lack of access for independent journalists.David also examines the impact of the war on civilians, highlighting the growing humanitarian crisis and the accusations of genocide. He expresses his own feelings of helplessness and calls on listeners to consider what they can do to help.Beyond the conflict:David explores exciting developments in space exploration...2024-10-1525 minInsights NowThe past, present and future of Fed independenceWatch the video version on YouTube.
Within our financial system, the idea that the Federal Reserve should operate as an independent entity is fundamental. Importantly, the Federal Reserve is a political institution that is accountable to Congress, but also to the public, and its independence ensures it can conduct monetary policy in a way that it perceives to be in support of its dual mandate without undue political pressures. However, some candidates on the campaign trail have expressed interest in giving other branches of government a say in the Fed’s decision-making process, meaning that this election cou...2024-10-1117 minPonderlandPondering October 7thIn this sombre episode of Ponderland, David marks the one-year anniversary of October 7th, 2023, reflecting on the devastating events that unfolded in Israel and Palestine and the ongoing conflict that continues to claim countless lives. He revisits the horrors of that day, challenging the exaggerated reports that initially circulated and emphasising the importance of truth and accountability. David expresses his deep concern over the escalating violence in Gaza and Lebanon, highlighting the plight of innocent civilians caught in the crossfire. He criticises the lack of decisive action from world leaders and calls for a renewed push for peace, advocating...2024-10-0718 minInsights NowAlternative Realities: Navigating alternatives as an individual investorWatch the video version on Youtube.
In this episode of Alternative Realities, we’re going to be exploring the alternatives landscape from the perspective of the individual investor. Historically, these asset classes have been the domain of institutional capital, but the structure of alternative investment vehicles is evolving in ways that make them more accessible. Not only do individual investors have more access to alternatives, they also may have a greater need as the traditional 60/40 portfolio faces challenges like elevated valuations, positive stock-bond correlation and a negative real yield. Additionally, as more companies are choosing to stay pr...2024-10-0316 minInsights NowThe ripple effects of regulationWatch the video version on YouTube.
Federal government regulatory policies have the potential to reshape both the economic landscape and the investment opportunity set and both candidates for president have expressed strong opinions on regulatory issues. However, their attitudes on regulatory oversight appear to vary across industries and issues affecting the economy and society. In addition, their power to implement regulatory change is limited both by political realities and the courts. For investors, it is important to remember that it is policy, not politics, that matters most for markets and the economy. However, history suggests that regulatory poli...2024-09-2615 min
Insights NowAlternative Realities: Unlocking value in private marketsWatch the video version on YouTube.
With comprehensive oversight and deep expertise in a diverse array of investment vehicles, including real estate, real assets, hedge funds, private equity, private credit and liquid alternative solutions, our mission is to demystify these often lesser-known asset classes. By providing clear, real-world examples, we aim to bridge the knowledge gap and empower investors to make informed decisions. Our goal is to bring these complex investment opportunities to life, showcasing their strategic value and how they can be effectively integrated into a diversified portfolio to achieve long-term financial objectives.
Join...2024-09-1921 minPonderlandPondering Terrorism in LebanonIn this episode of Ponderland, David delves into the recent attacks in Lebanon, where pagers and walkie-talkies exploded, causing casualties. David argues that these acts, regardless of the perpetrator or target, constitute terrorism due to the widespread fear and terror they inflicted on the Lebanese population. He draws parallels to his own experiences growing up in Northern Ireland during the Troubles. Additionally, David raises concerns about the implications of these attacks for future warfare, suggesting that if we legitimize these tactics, we open the door for similar acts of terror to be used against any population deemed "hostile."2024-09-1914 minInsights NowNavigating shifts in global tradeWatch the video version on YouTube.
As rising geopolitical tensions and the pandemic fallout have uncovered weaknesses in global supply chains, many nations have begun to rethink their trading relationships. U.S. policy, for example, has turned increasingly nationalistic, with recent administrations implementing tariffs and non-tariff barriers to trade, allocating funds toward domestic development of strategic industries and proposing other protectionist measures to support domestic activity. This election season, tariffs and trade have once again found themselves at the forefront of recent discourse, with both candidates proposing a stricter stance on trade policy, but to varying degrees...2024-09-1217 min
Insights NowAlternative Realities: Private equity challenges and opportunitiesWatch the video version on YouTube.
2020 and 2021 were banner years for the private equity market as fiscal and monetary stimulus boosted fundraising, deal and exit activity. More recently, however, macro uncertainty and higher interest rates have put a damper on the asset class, which is highly dependent on leverage. Still, better-than-expected economic growth has supported recent performance. As companies, particularly in the Technology sector, wait longer to IPO, private equity has become an increasingly important way to get exposure to the high growth potential of early-stage companies. For decades, investors have used private equity to supplement their p...2024-09-0515 minPonderlandPondering the horror of a visit to the DentistIn this episode, David recounts a harrowing dental experience involving a seemingly routine procedure to get a dental onlay (a type of crown). The dentist initially assures him the procedure will be simple, but it quickly turns into a battle of epic proportions.The dentist struggles to control his "high salivary flow" and "insanely strong tongue muscle," causing gagging, choking, and near-vomiting incidents. The host vividly describes the discomfort, fear, and near-death experience as dental instruments and cotton rolls become lodged in his throat.Despite the ordeal, the dentist perseveres and eventually completes the procedure...2024-09-0523 minInsights NowThe impacts of immigrationWatch the video version on YouTube.
So far, this U.S. election cycle has been nothing short of turbulent and a looming source of volatility for much of this year. With the summer now behind us and November quickly approaching, investors should more seriously consider the implications of the upcoming election, and the opportunities and risks that may arise from it. That is why for the 11th season of Insights Now, titled “The policy and investment implications of the U.S. election,” David and I will discuss topics at the forefront of this election season, and explore the...2024-08-2920 min
Insights NowAlternative Realities: The fundamentals of alternativesWatch the video version on YouTube.
In this episode:
The classic 60/40 stock-bond allocation has long been the accepted stalwart portfolio strategy. Currently, however, higher inflation has made the protection typically offered by the negative correlation between stocks and bonds less certain. Equity risk premiums are low, and interest rate volatility is high. On top of all that, public markets are becoming increasingly efficient, muting opportunities for excess return. As a result, investors are turning to Alternatives to ensure portfolios can still meet their long-term goals. Each alternative asset class has distinct characteristics and consequently a d...2024-08-2217 minPonderlandPondering a World Gone MadIn this riveting episode of the Ponderland Podcast, we delve into the unsettling events that have rocked the UK and Ireland, marked by a series of far-right orchestrated riots. David examines the roots of this upheaval, from the spreading disinformation believed to be fuelled by foreign entities to the alarming display of racism and violence.As economic instability looms with the potential US recession, we ponder the systemic inequalities that exacerbate social unrest. Additionally, the episode explores the escalating tensions in the Middle East, with a potential conflict between Israel and Lebanon threatening to spark a global...2024-08-0519 minPonderlandPondering Armagh - All Ireland Football Champions 2024David, overcome with emotion, talks about Armagh's historic All Ireland Football Final victory, in the context of the GAA and his relationship with it, and how that relationship has changed and evolved over time.And for anyone that wants to see David and his reactions just after the final whistle then follow him @Kelsin2177Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe...2024-07-2929 minPonderlandPondering A New HopeIn the landmark episode 25 of Ponderland, David celebrates a milestone and dives into the latest political upheaval in the UK, where the Labour Party has taken over after 14 years of Conservative rule. David shares his relief and insights on this monumental shift, analysing the new political landscape under Keir Starmer's leadership. The episode also covers England's unexpected success in the European Championships, the excitement of Gaelic football finals (and semi-finals), and a family trip to Emerald Park. Wrapping up with a look at the toxic reactions within the Star Wars fan community, this episode offers a blend of personal...2024-07-1126 minPonderlandPondering the Loss of a Dear FriendWelcome to this heartfelt episode of Ponderland, where David reflects on the life and memories of his beloved pet dog, Rusty, who recently passed away. In this deeply personal episode, David shares the journey of his relationship with Rusty, from the joyous moments spent together to the challenging times when his anxiety and illness took a toll on him and his family. Rusty was not just a pet; he was a loyal friend who taught them about love, patience, and the joy of simple pleasures like running freely and chasing birds.Rusty's story...2024-06-1715 minPonderlandPondering LegaciesIn this heartfelt episode of Ponderland, we reflect on the legacy of Dr. Michael Mosley, the pioneer of the 5:2 fasting diet, who tragically passed away while hiking in Greece. David shares a personal journey of rediscovery, inspired by Dr. Mosley, and delves into the benefits of intermittent fasting and rekindling old fitness passions, including a return to Gaelic football. The episode also explores poignant reflections on global events, including the ongoing Israel-Palestine conflict, the upcoming UK elections, and thought-provoking conversations from the past, making it a powerful mix of personal anecdotes and current affairs. Tune in for a blend...2024-06-1127 minPonderlandPondering Tides and TensionsJoin David on a new episode of Ponderland as he explores a tapestry of timely topics and timeless wonders. From the peculiar charm of the European Seagull Screeching competition to the profound implications of the first life form merger in a billion years, this episode is a journey through the extraordinary and the everyday. David will also tackle the tough issues of immigration tensions between Ireland and the UK, delve into the recent revelations around the elusive Planet 9, and assess the political currents in the Indian elections. With insights into Northern Ireland’s relentless rains, a sports roundup featuring th...2024-05-0135 minPonderlandPondering Easter and the GAA League FinalsIn this thought-provoking episode of Ponderland David delves into the overwhelming flood of posts about making thousands of dollars daily using artificial intelligence. Despite bookmarking these enticing stories, he admits to never revisiting them, sparking a reflection on the noise and distractions in the digital age.The episode then shifts to a contemplative discussion on current global conflicts, providing insightful commentary on the state of the world and the complex nature of war. In the spirit of recent observances, the conversation turns to Easter, critiquing its commercialisation and pondering how the holiday's shift from...2024-04-0218 minPonderlandPondering Freedom with the Birds in FebraayoIn this thought-provoking episode of Ponderland, David delves into the significance of the rare date, the 29th of February, substituting the tricky pronunciation of "February" with the Somali "Febraayo" for a personal touch. The episode unfurls into a deep exploration of freedom, juxtaposing the idea that while we might perceive ourselves as free, we are in fact entangled in various systems that exert control over our lives, from government structures to societal expectations. Reflecting on a moment of poetic observation, David shares a poignant experience of watching a bird land on the glass ceiling of a chapel, a sight...2024-02-2915 minPonderlandPondering Peace & PositroniumIn our latest stirring episode of Ponderland, we navigate through the tumultuous landscapes of conflict and peace, from the battlegrounds of Ukraine and Gaza to the tranquil realms of the mind. This journey is not just about the harsh realities of war but also a quest for serenity and understanding amidst chaos.As we delve into the futility of war, we explore the ongoing conflicts in Ukraine and Gaza, reflecting on the human cost and the endless cycle of violence. Yet, in the shadow of turmoil, we find a beacon of peace in the most unexpected places.2024-02-2715 minPonderlandPondering the End of the World and the Horizon ScandalIn this thought-provoking episode of Ponderland, David dives deep into a tale of disparity and tragedy. He begins with a reflection on "The End of the World with Josh Clark," a podcast that left a lasting impression just before Christmas, setting the stage for a more profound discussion.The heart of this episode is the harrowing UK Post Office Scandal. We unravel the story of how numerous postmasters and postmistresses faced unjust prosecutions, imprisonment, and devastating personal losses. Their stories, marked by despair and injustice, contrast sharply with the seemingly untouchable lives of high-ranking executives, who, at...2024-01-1025 minPonderlandPondering Festive Chips and Festive NegativityDavid ponders the state of the world and wonders if there is enough hope within the Christmas Message, coupled with Jerry Maguire to turn things around!Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved. Hosted o...2023-12-1914 minInsights NowBuilding stronger portfoliosWatch the video version on YouTube.
Successful long-term investing requires both the flexibility to navigate the ever-changing market tides and an engine of long-term assets to carry you forward. In this episode, we’re going to talk about both—how investors can build portfolios to navigate volatile market environments and generate better long-term returns. Such an endeavor requires an in-depth understanding of portfolio composition, the drivers of risk and return and the right mix of asset classes that are best suited for different market environments.
In today’s episode, Dr. David Kelly is joined by Corey H...2023-12-0718 minPonderlandPondering Humanity and the Cosmic BinAs everyone in the world races to choose a side in the current conflict, badging their side as the good guys and the other side as evil, I try to find an alternative angle.That angle is humanity.I also explore how when we choose a side we also tend to degrade the other side as it's easier to inflict harm on a savage than it is to inflict harm on a human being just like us.The next thing I talk about is an article that suggests we and our observable universe...2023-10-2531 minPonderlandPondering the horror of the last few days and what it may meanDavid makes no bones about trying to avoid being polarised on the subject. He recognises grief and laments the loss of any human life through violenceConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved. Hosted o...2023-10-1124 minPonderlandPondering a Post Truth WorldDavid thinks about how we're in a Post Truth World based on the Conservative Party Conference, and also wonders what the future holds for Northern IrelandConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved. Hosted o...2023-10-0622 minPonderlandPondering North Korea and Kim's Armoured TrainAs Kim Jong Un does the locomotion on his way to meet the madman Putin, David ponders how safe it is to travel on an armoured train and wishes Google street view cars were allowed to map out Pyongyang and surrounding areasConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode...2023-09-1215 minPonderlandPondering Organ Donation, New Humans and an Ancient Human BottleneckDavid, having taken August off to enjoy the summer, ponders organ donation, a new human and a cave of bones - welcome Homo Naledi, and wonders whether humans are on a repeating loop based on a recently discovered ancient human bottleneck.Dedicated to Shane Devlin, Rest in PeaceConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback...2023-09-0213 minPonderlandPondering Climate Change, a trip to the Netherlands, and a conversation with BardThis goes from the bizarre to the surreal. While David acknowledges the current climate crisis, his attention turns to a school trip to Amsterdam, a NSFW pen, and then he engages Google Bard in a strange conversation around simulation theory and a super intelligent duck who wears a T-Shirt and waves a spoon!Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review...2023-07-2829 minPonderlandPondering E.T.'s RevengeDavid goes out on more than a limb on this one. One chapter of the book Sapiens, the one where the question is asked, "Did Sapiens domesticate Wheat or did Wheat domesticate Sapiens?", David sees a distant tangent of an explanation and goes all in on a rogue bacteria from a galaxy far far away!Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave...2023-07-1216 min
PonderlandPondering Buckfast Tonic WineThe less said about David's accents the better but he does share a funny anecdote about a very familiar drink from his youth, an ungodly concoction seemingly made by godly men. Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All r...2023-07-0506 minPonderlandPondering Gaelic Football, Suffering & Thoughts ThemselvesOn this episode of the podcast, David contemplates County Armagh's failure, the value of suffering (if any), and the origin of thoughts themselves, with a little bit of hope around a green industrial revolutionConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!...2023-07-0315 min
The IC-DISC ShowEp044: Returns on an Alternative Investment Class with Hayden Kelly
In today’s episode of the IC-Disc podcast, I have a great guest today, Hayden Kelly from Chicago. He is with Chicago Atlantic and they have a really interesting cannabis fund for accredited investors.
They've identified a market inefficiency because endowments, institutions, and non-profits are usually prohibited from investing in cannabis. Additionally, these cannabis companies are typically not bankable for traditional debt. So Chicago Atlantic has a really interesting debt model for accredited investors, with great collateral coverage and attractive loan-to-value ratios.
Hayden is a really interesting guy, and even if yo...2023-06-2836 minPonderlandPondering the sub, migrants, Brexit and a cage fightOn this short, and somewhat downbeat episode of Ponderland, David thinks about the missing sub, and ponders the fate of thousands of migrants, in the context of Brexit and how that's impacting the economy of the UK. He also ponders a certain social media cage fight that could be in the offingConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your...2023-06-2208 minPonderlandPondering Fasting & FoodDavid talks about the health benefits of fasting but the thought of food makes him fixated upon pasties, both Cornish and those of a more local Northern Ireland originConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved.2023-06-1316 minPonderlandPondering UFOs and UAPsDavid devotes all of his thinking to UFOs and UAPs. After NASA's recent press conference, Patrick Jackson claims to be able to link UAPs to Poltergeist activity, and as recording was coming to an end, a whistleblower claims to have evidence that the US has recovered intact and partially intact vehicles of non-human origin.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a...2023-06-0720 minPonderlandPondering Grief Bots!David couldn't not create a new episode when he saw a headline about how the dead are being resurrected in China, using AIConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved. Hosted on Acast. See a...2023-05-3009 minPonderlandPondering Matriphagy, Milk Drinking, and Magic CarpetsOn the show today, David shares his guilt at having moved that box, pondering who thought it was a good idea to drink milk from a cow and reveals how he wouldn't be a fan of magic carpets, not the flying kind anyhow.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this...2023-05-2917 minPonderlandPondering Football and Super YachtsPondering Manchester United, Amazon Vans, Super Yachts and InequalityConnect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved. Hosted on Acast. See acast.com/privacy for more information.2023-05-2515 minPonderlandPonder This Ponder ThatOn this show, David thinks aloud, outwards in almost concentric circles of thought. He does so from a place in his mind called Ponderland.Connect with Ponderland:Visit David's Substack for more insights & writing: The Ponderings | David Kelly | SubstackFollow David on X (Twitter): @PonderlandLifeJoin the conversation on Instagram: @PonderlandLifeCatch the visual ponderings on TikTok: @ponderlandlifeemail: david@ponderland.lifeSupport Ponderland:Subscribe and leave a review! Your feedback helps us reach more curious minds.Share this episode with a friend who loves to ponder!Copyright: © 2025 Ponderland. All rights reserved. Hosted on Acast. S...2023-05-2215 minInsights NowFinding direction in fixed incomeThis episode dives into positioning within fixed income. Dr. David Kelly is joined by Bill Eigen, portfolio manager for an unconstrained fixed income strategy at J.P. Morgan Asset Management. Bill offers a unique perspective, as his fund uses an opportunistic go-anywhere strategy that aims at delivering positive returns – no matter what’s happening in fixed income markets. In today’s particularly uncertain macro environment, Bill offers important insights on where he’s seeing opportunities, what areas he’s steering clear from and his latest thoughts on the markets and economy.
For more insights, tune into the Notes on t...2023-03-0325 minInsights NowAre bonds really back and for how long?This episode kicks off our sixth season of Insights Now, entitled a “A Bond's Eye View", and we've decided to center this season around fixed income. Over the course of this season, Dr. David Kelly will sit down with slate of market strategists and portfolio managers to discuss the outlook for the Fed and other global central banks, the outlook for the dollar, diversifying within fixed income and how to think about bonds when positioning long-run investment portfolios.
On this episode, Dr. David Kelly is joined by Jordan Jackson, Global Market Strategist at J.P. Morgan Asset Ma...2023-02-1619 minInsights NowBonds are backTune in to hear Dr. David Kelly and Bob Michele, CIO and Head of the Global Fixed Income, Currency & Commodities group, discuss the outlook for fixed income and how investors can take advantage of opportunities.
Higher rates and rising inflation have created a particularly challenging environment for bonds this year, with the U.S. Agg. down a whopping 13% year-to-date. However, the selloff has also brought valuations down to their most attractive levels in years, and the backup in yields means bonds can once again provide investors with a reliable source of income and diversification. While economic uncertainties...2022-12-0117 minInsights NowCross-currents for corporate profitsIn this episode, Dr. David Kelly is joined by David Lebovitz, Global Market Strategist for J.P. Morgan Asset Management, for a discussion on the outlook for U.S. equities and what investors can expect from 3Q22 earnings season. Higher inflation, higher interest rates and slowing consumer demand have all posed considerable headwinds to U.S. equities and contributed to the large selloffs experienced in markets this year. As third-quarter earnings season kicks off, investors are hoping to gain insight into how earnings, revenues and margins are holding up as the macro environment gets rockier. While the risks dampening...2022-10-2520 minInsights NowAlternatives in a higher rate, slower growth world2022 has been a challenging year for most public asset classes, leaving many investors at odds on how to position portfolios, protect against inflation and identify areas for potential excess returns going forward. While markets have been more challenging, the need for income, capital appreciation and capital preservation has not changed. That’s where alternative investments may provide some solutions.
On this episode, Dr. David Kelly is joined by David Lebovitz, Global Market Strategist, to discuss the outlook for Alternatives in an environment with higher rates and slower growth.
For more information on the Guide to Alt...2022-06-3021 minInsights NowUnpacking the Tumultuous Equity MarketThe equity markets have seen a tumultuous and fairly disappointing few months in 2022. Investor sentiment has turned extremely bearish due to a land war in Ukraine, a more hawkish and aggressive Fed, and rising and persistent inflation. On this episode, Dr. David Kelly is joined by Andrew Tyler, Head of U.S. Market Intelligence, to discuss the current state of equity markets, the factors driving recent volatility, the takeaways form 1Q22 earnings season and the further implications of the Fed's rate hiking cycle on equity markets.
For additional insights on the 1Q22 earnings season, check out our...2022-05-1214 minInsights NowReal Estate Booms, Busts and Structural ChangeWhile the 21st Century has seen a wide variety of housing markets with massive booms and busts, never in all these years, have there been so few properties on the market. This has fueled a surge in home prices that might look reminiscent of the 2006 housing boom. On this episode, Dr. David Kelly is joined by Mike Kelly, Head of US Real Estate, to discuss the current housing market, the surge in housing costs, and the long term impacts of the pandemic on certain real estate sectors. For additional insights, visit our On the Minds of Investors webpage.
2022-04-2118 minInsights NowBuilding Resilient PortfoliosThe last few months have seen a swift and significant recalibration in markets. Inflation looks to be higher and stickier than previously assumed. The Fed has shifted more hawkish, now penciling upwards of seven hikes in 2022 and eyeing a faster pace of balance sheet reduction. On this episode, Dr. David Kelly is joined by Phil Camporeale, Portfolio Manager on the Multi-Asset Solutions group at J.P. Morgan Asset Management, to discuss asset allocation in an environment with higher uncertainty on interest rates and inflation. In light of recent geopolitical events , we are reminded that there is always the potential...2022-04-1226 minInsights NowImplications of the Russian Invasion of UkraineThe Russian invasion of Ukraine has brought horrible human consequences, but for investors it’s also raised a lot of questions. On this episode, we review the broad implications of the Russian invasion for investors in a special roundtable interview. Dr. David Kelly is joined by David Maccarrone, equity research analyst at J.P. Morgan Asset Management, and retired General Mastin Robeson, member of the Academy Security's Geopolitical Team, in a discussion moderated by Stephanie Aliaga, Research Analyst at J.P. Morgan Asset Management. General Robeson sheds light on the current state of play in geopolitics and the scenarios th...2022-03-0935 minInsights NowSolving for Climate Change with ESGOn today's episode, Dr. David Kelly is joined by Meera Pandit, Global Market Strategist at J.P. Morgan Asset Management, to discuss the efforts against climate change and the investment opportunities that may underlie this transition towards a more sustainable future. As the need to fight climate change has become more pronounced, sustainable investing has increasingly come into focus for investors. This episode discusses the outlook for U.S. climate spending, Europe’s energy transition as the conflict in Russia-Ukraine flares up, China and its green initiatives, and the investment opportunities in agriculture, transportation, food and water, and energy ef...2022-02-2425 minInsights NowInvesting in China in the Year of the TigerOn the first episode of Season 4, Dr. David Kelly is joined by Gabriela Santos, Global Market Strategist at J.P. Morgan Asset Management, to discuss what investors should expect from China in the Year of the Tiger and beyond. As China rings in the New Year, the road ahead holds substantial political and economic significance, from the Winter Olympics in Beijing to the Communist Party's 20th National Congress. China also faces substantial challenges in managing a potential property bubble, zero-tolerance approach to Covid and contentious international relationships. However, for investors, cheaper valuations and China's emphasis on growth stability with...2022-02-1022 min
Green Energy Futures301A. From Niche to Boom - David Kelly and SkyFire Energy - 20 Years of SolarIn 20 years David Kelly went from being inspired by the potential of solar and eeking out a modest living selling small solar systems to becoming CEO of SkyFIre Energy a very successful solar company that has installed thousands of solar systems and is now at the center of a solar boom in Alberta. David Kelly is a solar pioneer in Canada - This is his story.
Lean more greenenergyfutures.ca2021-11-1803 minInsights NowAlternative Investments in a World of Higher InflationOn today’s episode Dr. David Kelly sits down with David Lebovitz, Global Market Strategist at J.P. Morgan Asset Management and author of the Guide to Alternatives publication, to discuss the role of alternative assets in portfolios. Investors have been increasingly interested in alternatives, but for many, this is still unfamiliar territory. How should we think about investing in alternatives vs. traditional stocks and bonds? Against a backdrop of rising inflation and interest rates where the outlook for fixed income looks increasingly challenged, could alternatives be a solution? Tune into hear two of J.P. Morgan Asset Management’s th...2021-11-1520 minInsights NowDo cryptocurrencies have a place in portfolios?On today’s episode Dr. David Kelly is interviewed by Stephanie Aliaga, strategy analyst at J.P. Morgan Asset Management, to discuss the advent of cryptocurrencies and whether this new asset class should have a place in portfolios. Can cryptocurrencies achieve their fundamental goal of being a store of value and payment system? How do cryptocurrencies function as an asset class, and is there a benefit them as an allocation in portfolios? Tune in to hear Dr. Kelly’s take on the matter, and other issues pertaining to ESG concerns, regulatory risk, and the broader blockchain revolution.
2021-10-2825 minInsights NowPower for the people: The outlook for energyTune in to hear David Kelly and David Lebovitz, Global Market Strategist, discuss how the energy industry is evolving over the long-term.
Seeking to deliver monthly distributable income and equity market exposure with less volatility? To learn more Click here.
2020-11-2726 minInsights NowChina: Too big to ignoreFor global markets, there is no long-term issue greater than the growth and evolution of China as an economic superpower. Tune in to hear David Kelly and Global Market Strategist, Gabriela Santos discuss the extraordinary progress in China’s economy.
2020-09-0828 min
David Kelly's PodcastDavid Kelly's Podcast (Trailer)2020-04-2700 min
Notes on the Week AheadLabeling the boxesIn his Notes on the Week Ahead, Dr. David Kelly examines the economic implications of the government shutdown, the peak of the earnings season, the January employment report, Chinese trade talks, weakening global PMIs and the first Fed meeting of the year.
2019-01-2811 min