JPMorgan’s Kolanovic Drops Caution on Stocks, Says Buy the Dip
- Firm’s quant guru says U.S.-China relations haven’t worsened
- Brushed aside concern of shutdown in case of second virus wave
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Marko Kolanovic, who two weeks ago tempered his bullish stance on stocks because of worsening geopolitical tensions, says now is the time to move back in.
A drop such as Thursday’s should be bought, according to JPMorgan Chase & Co.’s quant guru. His reasoning is that it occurred in the absence of a further deterioration in U.S.-China relations. Kolanovic considers the three principal risks to U.S. stocks to be that relationship, the Covid-19 pandemic and domestic social unrest.