News Formal

One of the biggest bears in this bull market is leaving JPMorgan

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

News News

Canada Canada Latest News,Canada Canada Headlines

Marko Kolanovic, who called the Covid-era rebound but missed the latest stock rally, is leaving the bank.

A top strategist at JPMorgan who was caught offside by the stock market rally is quitting the investment firm.

Marko Kolanovic, who served as chief global markets strategist and co-head of global research, is leaving the bank to explore other opportunities, according to a source familiar with the internal announcement.In his place, Hussein Malik will become the sole head of global research, and Dubravko Lakos-Bujas will serve as chief markets strategist.in the middle of the Covid-19 pandemic. But he has been consistently bearish over the past two years as the market has reached new highs.

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyFourth of July

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:

 /  🏆 545. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan's equity strategist says stocks are ignoring 'abundant' risks, sees maybe one Fed cutThe outlook for stocks looks especially bleak as the chances of Federal Reserve rate cuts decrease and risks abound, according to according to Marko Kolanovic.
Source: CNBC - 🏆 12. / 72 Read more »