The former main market strategist at JPMorgan, Marko Kolanovic, offers its prospects on the US stock market in his first interview since he left the banks of Biljoen Dollar.
In a CNBC interview, Kolanovic out A correction can be incoming for the US stock market in the midst of a loss of Momentum by shares such as the electric car manufacturer Tesla and the analysisware company Palantir Technologies.
The analyst also warns that the shares in the vicinity of high levels are acting, but America is still staring at the same issues that caused a stock market correction earlier this year.
“That [loss of momentum] Can be a catalyst for a bit of a correction, because it is almost all time, but we still have all the problems. We have a trade war, we had a kind of sign of economic delay, ratings are back to highlights. So that’s a kind of what I expect a bit – a bit of a pullback here. “
Kolanovic is of the opinion that a potential withdrawal could ultimately reward patient investors, provided that the chance of an American economic contraction does not increase significantly.
“There are also a number of cheap aspects of the American markets, and maybe wait for that garden variety that may be 5%, 10%.
And if we still don’t have the recession -opportunity that pops up, then it is a buy option. But I would keep an open mind that there might be an increased chance of recession at that time and perhaps even that 5% is not a purchase to that [point]. “
https://www.youtube.com/watch?v=WPISTC13VN0
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