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

📆 03/07/2024 15:30:00
📰 nbcchicago

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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.

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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.
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