JPMorgan’s Kolanovic Says It’s Time to Take Some Profits on Stocks
- Strategist softens bullishness amid share rebound, hawkish Fed
- ‘Big rise in real yields from here seems less likely,’ he says
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Marko Kolanovic, a steadfast bull on U.S. equities during this year’s selloff, is dialing back his optimism after the market staged a powerful recovery.
The top-ranked strategist at JPMorgan Chase & Co. said investors who followed his team’s recent advice to raise stock holdings should now take profit, and shift some money to government bonds given the big selloff in the asset class.