JPMorgan’s Kolanovic Calls China Stocks Selloff a Buying Moment
- Bullish strategist cites Covid reopening, monetary stimulus
- Kolanovic hasn’t had much success with his calls in 2022
JPMorgan Chase & Co. headquarters in New York.
Photographer: Ron Antonelli/Bloomberg
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The swift decline in Chinese equities is “disconnected from fundamentals” and presents a buying opportunity for stock investors, according to JPMorgan Chase & Co.’s Marko Kolanovic.
“We believe this is a good opportunity to add given an expected growth recovery, gradual COVID reopening, and monetary and fiscal stimulus,” Kolanovic, JPMorgan’s chief global markets strategist, wrote in a note to clients on Monday.