Investors taking lumps in the stock market can take comfort in the forecasts of Marko Kolanovic, JPMorgan Chase’s quant guru, who says the S&P 500 can get back to a record in the first half of next year.
Helping spur the rebound will be Federal Reserve rate cuts and support of assets like Treasuries and commercial-mortgage-backed securities, Kolanovic said in a note to clients. Put together, it should be enough -- provided the economy starts opening up sometime in 2020.
