{
  "docId": "019dd923-5e88-73ef-bd5a-dcebcf20a6dd",
  "docSlug": "158017aea618c57f",
  "documentTitle": "mi gtm latam br en",
  "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": 66,
  "pageCount": 79,
  "prevPage": 65,
  "nextPage": 67,
  "slideType": "regional_insights",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 25,
  "notes": "Part of J.P. Morgan Guide to the Markets - Latin America series.",
  "elementsJson": [
    "bar_chart_horizontal",
    "line_chart",
    "bar_chart_stacked",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5a-dcebcf20a6dd/66",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5a-dcebcf20a6dd",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5a-dcebcf20a6dd.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5a-dcebcf20a6dd#slide-66",
  "components": [
    {
      "bbox": {
        "h": 0.7,
        "w": 0.4,
        "x": 0.08,
        "y": 0.0017
      },
      "kind": "chart",
      "text": "Eurozone relative valuation vs. the U.S. by sector",
      "attrs": null,
      "subkind": "bar-horizontal",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1e9688a4-8369-4628-b832-66205924ceb3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.53,
        "y": 0.55
      },
      "kind": "chart",
      "text": "Buyback and dividend yields",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "972eb0c2-a41b-471c-be02-65867d11ec5c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.4,
        "x": 0.53,
        "y": 0.18
      },
      "kind": "chart",
      "text": "Operating margins",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f19987ec-f13c-42fe-96ae-76624e1e2dda",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.85,
        "x": 0.08,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "Source: J.P. Morgan Asset Management. (Left) FactSet, MSCI. Eurozone: MSCI EMU Index, U.S.: S&P 500 Index. (Top right) FactSet, MSCI. U.S.: S&P 500 Index, Europe: MSCI Europe Index. (Bottom right) Bloomberg, FTSE, LSEG Datastream, Standard & Poor's. U.S.: S&P 500, Europe ex-UK: MSCI Europe ex-UK, UK: FTSE 100, EM: MSCI EM. Total yield for S&P 500 is as of the latest available. Net buyback yield adjusts for share issuance. Data is as of 3Q25. Past performance is not a reliable indicator of current and future results. Guide to the Markets – Latin America. Data are as of March 31, 2026.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e1e7eeed-d55d-482c-a204-13da76ae1bb2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Forward P/E ratio",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28a8-72e5-a80b-f70ae980b697",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.3,
        "x": 0.08,
        "y": 0.08
      },
      "kind": "title",
      "text": "Eurozone: Markets",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5c468800-aa9c-45b7-9563-c7af47585bb4",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "5b758527-7b17-4f3f-9a92-efc0150cc42f",
      "evidence": "The slide features multiple charts, indicating a consideration for effective chart selection to communicate information.",
      "confidence": 0.6
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 79,
      "from": 11,
      "beatId": "f7bef2a2-2acf-49db-8318-e5061a66d3ad",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The detailed country insights and market analysis provide satisfaction.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}