Our guest today is Dr. David Kelly, the Chief Global Strategist and Head of the Global Market Insights Strategy Team for J.P. Morgan Asset Management. Prior to joining J.P. Morgan Asset Management, David served as Economic Advisor to Putnam Investments, and as Senior Strategist/Economist at SPP Investment Management, Primark Decision Economics, Lehman Brothers and DRI/McGraw-Hill. David is a CFA® charterholder. He also has a Ph.D. and M.A. in Economics from Michigan State University and a B.A. in Economics from University College Dublin in the Republic of Ireland. Dr. Kelly discusses the Guide to the Markets, how he thinks investors should be positioned going forward, what his return expectations are, and how COVID-19 will make long-lasting changes to the economy. Follow the CFA Society of Orlando on Twitter at @CFAOrlandoFL (0:38)  —  Colby Donovan and Steve Curley introduce the podcast (3:00 ) —Introduce Dr. Kelly (3:55) – Why he pursued the CFA designation (6:05) – Background on the Guide to the Markets (10:44) – Reason they started the Insights Podcast a few years ago (12:05) – What he’s learned from studying prior market crises (15:48) – Future return expectations (18:12) – What permanent changes will occur after COVID-19 is behind us (20:12) – Why he is pessimistic on the virus but optimistic on the economy (23:34) – Where to be positioned going forward (25:17) – Where to reach him: Daily Insights updated daily and his LinkedIn page (26:02) - What is the most egregious thing that you have seen in the investment management industry over the course of your career?