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JPMorgan’s Kolanovic Says Stocks ‘Can Climb Out of This Hole’

  • Strategist believes there will be no recession this year
  • ‘I almost refuse to talk about ‘where should I buy S&P?’”
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WATCH: The major U.S. equity benchmarks suffer their worst rout in almost two years. Ritika Gupta reports.Source: Bloomberg
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Marko Kolanovic is resolute that things can get better for U.S. stocks as the year progresses, even with the S&P 500 tumbling and bullish catalysts seeming rare these days.

“We can climb out of this hole,” Kolanovic, JPMorgan Chase & Co.’s co-head of global research, said in an interview last week in his New York office, referring to stock prices. “There will be no recession this year, some summer increase in consumer activity on the back of reopening, China increasing monetary and fiscal measures.”