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  "documentTitle": "1Q24 GTM update 3.01.24 Jackson",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan Asset Management",
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  "notes": "The chart illustrates that while CD rates peak during hiking cycles, other asset classes often provide superior returns in the 12 months following the peak.",
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      "text": "Investment opportunities outside of CDs: Peak 6-month certificate of deposit (CD) rate during previous rate hiking cycles and subsequent 12-month total returns.",
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      "text": "Source: Bloomberg, FactSet, Federal Reserve, Robert Shiller, J.P. Morgan Asset Management. The 60/40 portfolio is 60% invested in S&P 500 Total Return Index and 40% invested in Bloomberg U.S. Aggregate Total Return Index.",
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      "text": "Peak CD rate, 6-month CDs, Bloomberg U.S. Agg, S&P 500, 60/40 portfolio",
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      "text": "12-month total return: 38%",
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      "kind": "title",
      "text": "...outside of cash",
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