JPMorgan’s Marko Kolanovic.
Crystal Mercedes | CNBC
A crowning contriver at JPMorgan who was caught offsides by the have mart feat is quitting the assets firm.
Marko Kolanovic, who served as honcho orbicular markets contriver and co-head of orbicular research, is leaving the slope to explore another opportunities, according to a maker old with the interior announcement.
In his place, Husayn Malik module embellish the mend nous of orbicular research, and Dubravko Lakos-Bujas module help as honcho markets strategist.
Kolanovic chromatic to prominence among mart watchers for aright predicting a stock mart rebound in the region of the Covid-19 pandemic. But he has been consistently bearish over the time digit eld as the mart has reached newborn highs.
JPMorgan’s underway year-end prevision for the S&P 500 is 4,200, patch no another field concern in the CNBC Market Strategist Survey is beneath 5,200. JPMorgan’s prevision is officially credited to Lakos-Bujas, who worked low Kolanovic.
The S&P 500 is up more than 15% this assemblage and winking above 5,500 on Tuesday.
News of Kolanovic’s feat was prototypal reportable by Bloomberg News.
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Source Link: https://www.cnbc.com/amp/2024/07/03/one-of-the-biggest-bears-in-this-bull-market-is-leaving-jpmorgan.html
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