JPMorgan's Michele: September Rate Cut Still on Table

The video discusses economic forecasts, predicting a recession by year-end using JPMorgan models. It highlights the historical pattern of rate cuts preceding recessions and anticipates a rate cut in September. The discussion shifts to the 'cash trap,' advising against staying in money market funds due to potential rate cuts. Instead, investing in bonds is recommended for better yields and potential capital appreciation.

What potential risks does the speaker highlight regarding cash returns?

What is the significance of capital appreciation in bond portfolios as mentioned in the text?