Alternative Realities: The 2026 Long Term Capital Market Assumptions: Challenges and opportunities

Dec 12, 2025
22 mins

Episode Description

In this episode of Alternative Realities, Aaron Mulvihill is joined by David Lebovitz, Global Strategist on the Multi-Asset Solutions team at J.P. Morgan Asset Management. Together, they delve into J.P. Morgan’s Long Term Capital Market Assumptions (LTCMAs)—now marking their 30th annual publication. The LTCMAs serve as a cornerstone resource, providing return, volatility and correlation estimates for over 200 asset classes in 17 currencies. Widely respected across the industry, these assumptions help guide approximately $1 trillion in long-term investment portfolios.

Watch the video version on YouTube

Resources: 

See all episodes

Never lose your place, on any device

Create a free account to sync, back up, and get personal recommendations.