JPMorgan Strategist Kolanovic Remains Bearish on US Stocks
Marko Kolanovic, the Chief Global Market Strategist at JPMorgan Chase & Co., has maintained his bearish stance on US stocks, despite a recent rally in the market. Kolanovic believes that the correction in US stocks is not over and that rising dollar bond yields reflect elevated risks.
Kolanovic's bearish outlook is in contrast to the views of many other Wall Street strategists, who have become more optimistic about the market in recent weeks. However, Kolanovic believes that the rebound in the market is a bear market rally and that stocks are still overvalued.
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