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JPMorgan’s Marko Kolanovic is preparing for a possible 20% drop in the S&P 500

JPMorgan’s Marko Kolanovic spoke with CNBC on Thursday, is looking for the further fall due to high interest rates setting up a shunt lower. Says cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy at present “I’m not sure how we’re going to avoid (recession) if we stay at this level of interest rates,” Says a short term bounce is possible″[We’re] not necessarily calling for an immediate sharp pullback. Could there be another five, six, seven percent upsi... Read More

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Posted: Oct 6 2023, 07:58

Author Name: forexlive

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