The stock market 'correction' is not over yet, JPMorgan’s Kolanovic says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

S&P 500 Index News

Stock Markets,Investment Strategy,Business News

Don't be fooled by Monday's bounce, JPMorgan's Marko Kolanovic warned.

Don't be fooled by Monday's bounce, JPMorgan's Marko Kolanovic warned. The bank's global research co-head wrote in a note that the "correction likely has further to go," adding that the "current market narrative and patterns are increasingly resembling those of last summer, when upside inflation surprises and hawkish Fed revisions drove a correction in risk assets, but investor positioning now appears more elevated.

SPX 5D mountain S & P 500 5-day chart Still, Kolanovic — one of the most followed strategists on Wall Street — noted that a strong dollar, higher bond yields, elevated oil prices and concentration among a few high flying stocks make up a "problematic backdrop" for equities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines