Fake and Bad News Is Depressing Market, JPM’s Kolanovic Says
- Biased news outlets, political opportunists and publicity-hungry analysts are whipping the stock market into a frenzy that goes beyond anything justified by economic or earnings fundamentals, according to JPMorgan Chase & Co. strategists led by Marko Kolanovic. Kolanovic, global head of macro quantitative and derivatives research, was among the JPM analysts who published a year-ahead outlook on Friday with an expected 2019 target of 3,100 on the S&P 500 Index, implying a gain of almost 18 percent from current levels. The latest sell-off ...
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