EddieJayonCrypto
10 Jun 25
Marko Kolanovic, former chief market strategist at JPMorgan, warns in his first interview since leaving the bank that the US stock market may face a correction due to loss of momentum in stocks like Tesla and Palantir. Despite equities trading near record highs, underlying issues such as trade wars ...
Marko Kolanovic, former chief market strategist at JPMorgan, warns that the US stock market may be on the brink of a correction due to high valuations and unresolved economic challenges. In his first interview since leaving the bank, Kolanovic highlights a loss of momentum in notable stocks such as Tesla and Palantir, suggesting this could spark a market pullback.
Despite equities trading near record highs, underlying issues like trade wars and signs of economic slowdown persist, which could act as catalysts for a 5-10% correction. Kolanovic advises investors to consider such a pullback as a potential buying opportunity, provided recession risks remain low.
However, he cautions that if the probability of a US recession increases, the market reaction may be more severe, and a minor sell-off might no longer represent a safe entry point. His balanced outlook encourages patience and vigilance as the market navigates these uncertain economic waters.