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  "notes": "The chart uses shaded vertical bars to denote NBER-defined recession periods.",
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      "text": "S&P 500 Quality vs S&P 500 relative performance",
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      "text": "Source: J.P. Morgan Asset Management Quantitative Beta Solutions, S&P Global, J.P. Morgan Asset Management. S&P 500 Quality index is the top quartile quality stocks in the S&P 500 determined by JPMAM Quantitative Beta Strategies based on measures of profitability, financial risk and earnings quality. Periods of \"recession\" are defined using US National Bureau of Economic Research (NBER) business cycle dates. Past performance is not a reliable indicator of current and future results. Guide to the Markets - UK. Data as of 31 May 2023.",
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