President Donald Trump's reelection chances are rising, and that could leave investors positioned for a Biden victory in the dust, according to JPMorgan's Marko Kolanovic.
"We currently believe that momentum in favor of Trump will continue, while the most investors are still positioned for a Biden win," he said in a note to clients Monday. "The impact on sectors and factors could be dramatic and investment portfolios should adjust for a potential Trump re-election," he added.
Kolanovic, who is JPMorgan's global head of macro quantitative and derivatives strategy, is known lately for his often prescient calls. He
Pro TRUMP 2020!!! MAGA!!!!
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Pro I’ll make a bet with the corporate executives who said he won’t be re-elected, I’ll put all my money on the line and they can match up, in stocks. Let’s see how fast they change opinions about the election. 🤷♂️
Pro joebiden has acute dementia; he’s being handled. We need to see joebiden in a open press conference with no lids
Pro
Pro CNBC is totally in the tank for Trump. Disgusting!
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Pro Democrats learning the hard way that Burning Looting and Murder is not a good campaign strategy.
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Pro Real People and formerly Lied To Democrats are waking up to how they have been deceived by CNN
Pro The guru...
Pro So is COVID and corruption.