Market Insights Guide to the Markets® U.S. | 4Q 2025 As of September 30, 2025 J.P.Morgan ASSET MANAGEMENT Global Market Insights Strategy Team Tai Hui Hong Kong Agnes Lin Taipei Americas Europe Asia Marcella Chow Hong Kong Ian Hui Hong Kong Sahil Gauba Mumbai Tai Hui Hong Kong Marina Valentini São Paulo Raisah Rasid Singapore Adrian Wong Hong Kong Dr. David Kelly, CFA New York Gabriela Santos New York Stephanie Aliaga New York Meera Pandit, CFA New York Jack Manley New York Aaron Mulvihill, CFA New York Mar ...