JPMorgan analyst Marko Kolanovic is probably looking way into the future here ... no sign of a central bank pause near term lket alone a pivot:
Says that
- While the day-to-day interplay of investors, speculators, the options market, systematic investors, etc. can produce strong rallies
His team are still saying that:
- we maintain that risk assets are in a bear market and will not bottom until central banks start cutting rates
