{
  "docId": "019dd923-5e88-73ef-bd5b-35318e29dc88",
  "docSlug": "39791f0d14c5e9fb",
  "documentTitle": "JPM Corp Fin Advisory Corporate Compass Jan 2024",
  "authorId": "JPMorgan",
  "authorName": "J.P. Morgan",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.294,
  "pageNumber": 14,
  "pageCount": 15,
  "prevPage": 13,
  "nextPage": 15,
  "slideType": "market_landscape",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 8,
  "notes": "The slide uses four line charts to show trends in S&P 500 P/E, VIX, 10Y Treasury, IG Spreads, and HY Yields, with callouts for current levels and their historical equivalents.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "callout_box",
    "bullet_list",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-35318e29dc88/14",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-35318e29dc88",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-35318e29dc88.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-35318e29dc88#slide-14",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.7
      },
      "kind": "callout",
      "text": "Best market for issuers in 18-24 months",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ebd70139-53e9-4134-bd52-dffa5971a7c1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.2,
        "x": 0.05,
        "y": 0.2
      },
      "kind": "chart",
      "text": "EQUITIES (S&P 500 P/E & VIX)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "080eae1b-c2f7-4a36-80b4-ab41d0e9a3df",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.2,
        "x": 0.28,
        "y": 0.2
      },
      "kind": "chart",
      "text": "RATES (10Y U.S. TREASURY)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "68b0fb86-aaf6-4742-bbc4-e7ee8ea51204",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.2,
        "x": 0.75,
        "y": 0.2
      },
      "kind": "chart",
      "text": "HIGH YIELD ALL-IN-YIELD",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c9a5bdc9-176b-4bee-bd23-87aed7b4e374",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.2,
        "x": 0.52,
        "y": 0.2
      },
      "kind": "chart",
      "text": "INVESTMENT GRADE SPREADS",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f1efe9f7-5c00-406e-b03d-0bc4019eac08",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.8,
        "x": 0.15,
        "y": 0.78
      },
      "kind": "list",
      "text": "Robust valuations and declining equity volatility expected to drive more IPO / follow-on equity issuances in 2024; IG and HY debt issuance at the most attractive level in recent years; Companies have the opportunity to de-risk capital needs early.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a8b5f9d1-e701-4329-a81e-683876fdad72",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Market conditions",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-28a8-72e5-a81a-df58d5045aee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.4,
        "x": 0.05,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "Source: FactSet as of 12/31/23; 1 JULI IG Spreads; 2 JPM HY Bond Index Yield to Worst",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "012c447a-3587-4d41-8816-77b254520675",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.05,
        "y": 0.08
      },
      "kind": "title",
      "text": "Capital markets are primed for action in 2024",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c4eeba87-9036-4047-a002-3f61a12d3eb8",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 15,
      "from": 14,
      "beatId": "4809280b-74f7-495f-b8a5-612bc57634dc",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Action",
      "beatSlug": "monroes-sequence-action",
      "evidence": "The final slides prime the capital markets for action in 2024.",
      "position": 4,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 14,
      "from": 14,
      "name": "Why Now",
      "slug": "15-why-now",
      "bestFor": "Sales pitches, fundraising, requesting immediate budget approval",
      "matchId": "ea0d0449-ab35-4a05-acc5-a81e4eef2be5",
      "evidence": "The capital markets are primed for action in 2024 slide.",
      "position": 1,
      "objective": "Explain why 2024 is a prime time for capital markets action.",
      "structure": "The Context (Trends) -> The Trigger Event -> The Window of Opportunity",
      "confidence": 0.6,
      "description": "Create temporal urgency by proving that the window of opportunity is opening or closing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}