JPM’s Kelly Warns Liquidity Flows Are Offsetting Worrying Fundamentals

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JPMorgan Asset Management's chief global strategist, David Kelly, believes that despite worrying fundamentals, liquidity flows are driving the stock market upwards, indicating a positive bias. This suggests that market performance may be disconnected from underlying economic conditions. Kelly's comments imply that the current market trend may be sustained by liquidity rather than fundamentals.

Market Impact

Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term

Article Context

Note: This is a brief excerpt for context. Click below to read the full article on the original source.

David Kelly, chief global strategist at JPMorgan Asset Management, sees a “natural bias upwards in the stock market” amid what he calls an artificial flow of liquidity. (Source: Bloomberg)

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Original article published by Bloomberg on March 11, 2026.
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