Marko Kolanovic steps down after 3 YEARS of BAD CALLS

Looks like someone at JP Morgan is awake finally. After 3 years of being 100% out of step with the stock markets, Kolanovic is out.

The move follows a disastrous two-year stretch of stock-market calls by Kolanovic. He was steadfastly bullish in much of 2022 as the S&P 500 Index sank 19% and strategists across Wall Street lowered their expectations for equities. He then turned bearish just as the market bottomed, missing last year’s 24% surge in the S&P 500 as well as the 14% gain in the first half of this year.

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