JPMorgan’s Kolanovic Says ‘Correction’ in US Stocks Isn’t Over
- Rising dollar, bond yields reflect elevated risks, he says
- Defensive trading is appropriate amid all the ‘red flags’
Marko Kolanovic
Source: BloombergThis article is for subscribers only.
The slide in US equities over the past three weeks was the start of a selloff that is likely to deepen along with mounting macroeconomic risks, including rising Treasury yields, a strong dollar and elevated oil prices, says JPMorgan Chase & Co.’s Marko Kolanovic.
While earnings results from Corporate America this week may temporarily stabilize the market, it doesn’t mean stocks are out of the woods, the bank’s chief market strategist said.