On October 5, 2023, J.P. Morgan’s Global Research co-head and the Chief Global Market Strategist issued a caution. Marko Kolanovic appeared on “Fast Money” of CNBC to discuss several subjects including his negative point of view related to the stock market. In addition to this, the other topics of discussion included the stance of the Federal Reserve related to interest rates.
Top Executive From J.P. Morgan Cautions about a Potential Crash of 20% in Stock Market
He also talked about the progress of the stocks containing huge capitalization in comparison with mid-sized stocks. Kolanovic carried out the market analysis with a quantitative lens. His group has secured prominent rankings among the organizational investor surveys around the world. Before providing his services at J.P. Morgan, Kolanovic held chief roles at Merrill Lynch and Bear Stearns.
He is famous for his precise short-term forecasts for the market. As per the reports from Bloomberg, he moves markets by CNBC. At the start, he mentioned that his stock-market outlook is somewhat negative. Nonetheless, he did not explicitly assert the inevitability of a recession. Even then, he disclosed his thoughts that the recession would ultimately take place.
Apart from that, he emphasized that the stock upside in comparison with the downside is not precisely favourable at present. Kolanovic brought to the front that the market of jobs is resilient but he also highlighted the indications of pressure in the client sector. In this respect, he discussed the delinquencies related to auto loans and credit cards.
Executive Says Investors Need to Use Volatility to Create Yield through Short-Term Options
Following that, he revealed the decrease in volatility. Nevertheless, he did not particularly say that the increasing volatility is an indication of more difficult times ahead. He briefly talked about the subject of volatility. According to him, the investors could utilize it to create yield by trading short-term options.
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