Tax aware investing as US inflation cools to 3

As US inflation cools to 3.2%, "tax aware investing" becomes key in maintaining net gains, particularly for fixed-income investors shifting into municipal bonds. Lower CPI supports longer holding periods to reduce taxable events. This war on the world has both fictional goals and real ones, and the fact that those are incompatible is, once again, not a fundamental problem for Trump’s courtiers or adherents. There’s no hypothetical version of global equilibrium in which the United States is simultaneously the dominant superpower and also an isolationist fortress-state with zero immigration. I would guess that Trump loves the sound of that but doesn’t follow the logic too far, while the people who intend to outlast him just “yes queen” along and roll their eyes. Their goal is more doable: leveraging American power to ensure the continued dominance of the billionaire elite for at least as long as our planet remains habitable. (They’re aware that it probably shouldn’t be advertised that way.) LEGAL ENTITY, BRAND & REGULATORY INFORMATION. This communication is an advertisement for the purposes of the Markets in Financial Instruments Directive (MIFID II) and the Swiss Financial Services Act (FINSA). Investors should not subscribe for or purchase any financial instruments referred to in this advertisement except on the basis of information contained in any applicable legal documentation which is or shall be made available in the relevant jurisdictions (as required). In Hong Kong, this material is distributed by JPMCB, Hong Kong branch JPMCB, Hong Kong branch is regulated by the Hong Kong Monetary Authority and the Securities and Futures Commission of Hong Kong. In Hong Kong, we will cease to use your personal data for our marketing purposes without charge if you so request. In Singapore, this material is distributed by JPMCB, Singapore branch. JPMCB, Singapore branch is regulated by the Monetary Authority of Singapore. Dealing and advisory services and discretionary investment management services are provided to you by JPMCB, Hong Kong/Singapore branch (as notified to you). Banking and custody services are provided to you by JPMCB Singapore Branch. The contents of this document have not been reviewed by any regulatory authority in Hong Kong, Singapore or any other jurisdictions. You are advised to exercise caution in relation to this document. If you are in any doubt about any of the contents of this document you should obtain independent professional advice. For materials which constitute product advertisement under the Securities and Futures Act and the Financial Advisers Act, this advertisement has not been reviewed by the Monetary Authority of Singapore. JPMorgan Chase Bank, N.A., a national banking association chartered under the laws of the United States, and as a body corporate, its shareholder's liability is limited. Market watchers note that "tax aware investing" is shaping ETF inflows, with tax-efficient funds seeing $18B in net additions this quarter. Tech and healthcare remain the top allocation targets to blend growth with tax planning benefits.