JPMorgan quant guru Marko Kolanovic shared with us the often-overlooked force dictating market returns — and revealed what it's saying about the future

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When it comes to forecasting stock-market moves, Marko Kolanovic is worried about a lot more than the simple fundamentals.

Marko Kolanovic, JPMorgan's global head of quantitative and derivatives strategy, has made a name for himself by moving markets with his commentary.

On the flipside, the practice of reducing leverage is normally accompanied by asset sales, which push prices lower.We spoke with JPMorgan quant guru Marko Kolanovic, who can move markets with a single call. Here's where he said investors should be putting their money. But Kolanovic is firmly focused on leverage. He notes that the December meltdown was largely the result of a"very thorough" deleveraging, and says the market's performance in the months since has also been a function of pent-up risk appetite that's now uncoiling.

That's allowed Kolanovic to achieve the rare distinction of having his research reports move markets while simultaneously demystifying the black box that is quant trading. Ultimately, that prized combination has vaulted him into the elite crust of trusted Wall Street pundits.

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