JPMorgan’s Marko Kolanovic spoke with CNBC on Thursday, is on the lookout for the additional fall because of excessive rates of interest organising a shunt decrease.
- Says money at a 5.5% return in cash market and short-term Treasurys is a key safety technique at current
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“I’m unsure how we’re going to keep away from (recession) if we keep at this degree of rates of interest,”
- Says a brief time period bounce is feasible
- ″[We’re] not essentially calling for an instantaneous sharp pullback. May there be one other 5, six, seven % upside in equities? In fact… However there’s a draw back. It might be 20% draw back.”
Kolanovic had been calling the market decrease however had relented. Seems like he’s again on the bear aspect once more although.
