We asked 3 major investors what happens next in the market — None of them see big returns
Where is Alpha Now: Mary Callahan Erdoes, J.P. Morgan Asset & Wealth Management CEO Ashbel Williams, Florida State Board of Administration Executive Director and CIO Jason Klein, Memorial Sloan Kettering Cancer Center SVP & CIO Moderator: Becky Quick, CNBC “Squawk Box” Co-Anchor
The strong stock performance of the past year is unlikely to last, according to some of the biggest U.S. institutional investors.
The response by central banks around the world to the coronavirus pandemic has boosted equity returns, Mary Erdoes, JPMorgan Chase head of asset and wealth management, said Wednesday at CNBC’s Delivering Alpha conference.
“Since last year’s Delivering Alpha, markets are up 30 to 50%, clearly not normal,” Erdoes said. “We’re enjoying it, but this is not a normal time period.”
Mary Callahan Erdoes, J.P. Morgan Asset & Wealth Management CEO speaks about Where is Alpha Now at the 2021…