Investors / stance tracking
What Bob Michele is saying
FollowFollowingUnfollowCIO & head of global fixed income, J.P. Morgan Asset Management
5 dated public stances tracked since 2026-09-28, most recently 2026-10-17. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Bob Michele's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Bob Michele is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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5
tracked stances
5
themes
0
side flips
2026-10-17
last heard
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| Em Equities | 1 | 1 bullish | 2026-10-17 | |
| High Yield | 1 | 1 bullish | 2026-09-28 | |
| Investment Grade Credit | 1 | 1 bullish | 2026-09-28 | |
| Long Dur Treasuries | 1 | 1 bullish | 2026-09-28 | |
| MUNIS | 1 | 1 bullish | 2026-10-17 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-17
Em Equities
owns
Masters in Business · video
EM central banks are running credible, inflation-vigilant policy, full local yield curves are 90%+ domestically owned and not dependent on cross-border flows, delivering ~9% nominal and ~5% real yields in a basket that Michele calls 'the hidden gem in our…
“that's the hidden gem in our portfolios today is local emerging market debt”
Financing The AI Boom: Masters in Business
Tax-equivalent yields above 8% combined with a technical buying opportunity from year-end tax-loss harvesting supply pressure and flush state rainy-day funds make munis attractive relative to fundamentals
“We think it's gone too far. That's created a pretty good buying opportunity for us”
Financing The AI Boom: Masters in Business
2026-09-28
Investment Grade Credit
bullish
Bloomberg Surveillance · video
No recession expected, IG at ~100bps over governments yields ~6% all-in and offers adequate compensation given corporate earnings remaining solid
“if we can pick up credit in the investment grade space close to 100 basis points over government bonds, we'll buy that”
Bloomberg Surveillance 9/28/2026
Said again: 2026-10-17 (Masters in Business)
2026-09-28
Long Dur Treasuries
bullish
Bloomberg Surveillance · video
Yields above 5% represent an oversold, blowoff-top condition while economic headwinds from higher rates, energy prices, and tightening credit conditions are already forming, making this a compelling entry point
“523 is a much happier place for us in the bond market. We can go back in, buy with some yield”
Bloomberg Surveillance 9/28/2026
2026-09-28
High Yield
bullish
Bloomberg Surveillance · video
Economy not heading into recession, HY at ~300bps spread and over 8% all-in yield offers attractive return without meaningful default risk in this environment
“Below investment grade at close to 300, we'll buy that”
Bloomberg Surveillance 9/28/2026
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