JPMorgan’s Playbook for a 10-15% Correction (or Worse) — ft. Michael Cembalest

In this episode of Prof G Markets, Scott Galloway and Ed Elson interview Michael Cembalest, Chairman of Market and Investment Strategy for J.P. Morgan Asset and Wealth Management, to discuss the current state of the economy and potential future risks. Cembalest offers insights on AI's impact, global fragmentation, and inflation, while also addressing concerns about a potential market correction. The conversation covers topics such as the overvaluation of tech stocks, the role of government intervention, and the potential for China to challenge U.S. dominance in AI. Cembalest provides advice for investors, recommending a defensive approach and accumulating dry powder to take advantage of market opportunities.