Kolanovic Says Owning S&P 500 Is Marrying Yourself to Momentum

  • Says best bet is owning risky value stocks and hedging assets
  • Risk of bear market placed at over 50%, according to Kolanovic

Going long the benchmark gauge for American equities is risky and leaves investors vulnerable to reversals in momentum stocks, Internet companies and a handful of megacaps whose fate is intertwined with the dollar.

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