One of the most popular JPMorgan analysts, traders and commentators, Jan Loeys, head of global asset strategy and author of the weekly "The JPMorgan View" piece is moving on (to a different, non-client facing part of the company), and is using his last weekly address to JPM clients to recap the main lessons he has learned over his 30 year career.
For those carbon-based traders who still trade on the basis of fundamental analysis, inductive reasoning, and discounting, and forecasting the future - instead of merely relying on the fastest laser-based algos to react to the news or hoping for central bank bailouts - we have excerpted the entire piece, and are excited to note that while Loeys may be leaving, he will be replaced by two of our favorite JPM analysts and commentators, Nikos Panigirtzoglou and Marko Kolanovic, who under John Normand will take over as JPM's new Cross-Asset Strategy team.
So, without further ado, here is the latest, and last, from JPM's Jan Loeys, explaining "What have I learned?" after 30 years of doing this...
What have I learned?
How to forecast markets?
Where is alpha?
How to put it together?