{
  "docId": "019dd923-5e88-73ef-bd5a-bdf041ac7dda",
  "docSlug": "cce96dab5c30c201",
  "documentTitle": "1Q24 GTM update 3.01.24 Jackson",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 18,
  "pageCount": 24,
  "prevPage": 17,
  "nextPage": 19,
  "slideType": "industry_trends",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 25,
  "notes": "The slide uses 5y5y swaps to measure expectations. The right-hand chart highlights that international developed value stocks tend to outperform growth stocks in higher interest rate environments.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "bar_chart_grouped",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-bdf041ac7dda/18",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-bdf041ac7dda",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-bdf041ac7dda.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-bdf041ac7dda#slide-18",
  "components": [
    {
      "bbox": {
        "h": 0.6,
        "w": 0.45,
        "x": 0.52,
        "y": 0.15
      },
      "kind": "chart",
      "text": "Relative performance in different interest rate environments",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b2b05ac0-fa44-4d4b-a57f-6f94d8117651",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.08,
        "y": 0.0017
      },
      "kind": "chart",
      "text": "Inflation expectations by country",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "004d69ee-de47-4326-b0e6-4286678b7e20",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.25,
        "w": 0.4,
        "x": 0.08,
        "y": 0.5
      },
      "kind": "chart",
      "text": "Interest rate expectations by country",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8732c7f1-0ba4-42d1-a4d2-1f24b5a75b85",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.08,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "Source: J.P. Morgan Asset Management. (Top and bottom left) Bloomberg. These series represent measures of expected inflation and interest rates (on average) over the five-year period that begins five years from today. (Right) FactSet, MSCI, Standard & Poor's.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b8620a79-9295-4fce-80f6-9b68f70c969b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Annualized avg. total return: 4.4%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28ad-74ac-b4cf-2788d8824af6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.75,
        "x": 0.08,
        "y": 0.05
      },
      "kind": "title",
      "text": "...and a backdrop of higher inflation and interest rates suggest optimism around international investing",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d2d9302b-09fd-4990-b5f7-194bed8c8d50",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Small Multiples",
      "slug": "small-multiples",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "f449d7c6-f08f-48d7-89db-3a163a34e6fb",
      "evidence": "The slide uses multiple charts to compare relative performance in different interest rate environments, illustrating the small multiples technique.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 16,
      "beatId": "66e18476-cfe4-461c-b414-24a6b889c3d3",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "New Bliss",
      "beatSlug": "sparkline-new-bliss",
      "evidence": "The deck concludes by emphasizing the importance of diversification and a long-term perspective, and providing an optimistic outlook for investors.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 20,
      "from": 16,
      "name": "Mece Breakdown",
      "slug": "40-mece-breakdown",
      "bestFor": "Problem structuring, ensuring completeness, strategic analysis",
      "matchId": "955f7046-5dfd-44b7-8b48-9fc210fc1f70",
      "evidence": "The deck emphasizes the importance of diversification and a long-term perspective, and provides an optimistic outlook for investors.",
      "position": 2,
      "objective": "Emphasize the importance of diversification and a long-term perspective",
      "structure": "The Whole -> Category A (distinct) -> Category B (distinct) -> Category C (distinct) -> Complete Coverage",
      "confidence": 0.6,
      "description": "Divide a complex topic into mutually exclusive, collectively exhaustive categories"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}