Quant Guru Kolanovic Now Makes Bull Case Out of Election Results
- Potential split Congress to fend off tax increases, he writes
- Free tip for political pollsters: Be like a Wall Street quant
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Marko Kolanovic doesn’t think a Joe Biden presidency will be such a bad thing for markets after all.
The influential JPMorgan Chase & Co. quantitative strategist created an Election Day buzz when he accused colleagues of allowing political bias to influence their commodities research, and wrote that a Biden administration would mean “the economy slows down under pressure of massive taxes, and Covid is treated with lockdowns.” The remarks from a company chatroom were reported by Bloomberg.