Kolanovic Returns With Prediction for An S&P 500 Downturn
- Ex-JPMorgan chief strategist sees bevy of risks for stocks
- ‘Some probability’ of benchmark going lower into the 4,000s
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A lot has happened since news of Marko Kolanovic’s abrupt exit from JPMorgan Chase & Co. last summer sent shockwaves across Wall Street.
The Federal Reserve cut interest rates for the first time in four years. Donald Trump captured the US presidency. The S&P 500 Index gained another 9%. And his former colleagues capitulated on their bearish views.