Even oil at $150 a barrel, JP Morgan’s Kolanovic predicts stocks will reclaim 2022 highs

CNBC with this:

• Even if oil hits $150 a barrel, J.P. Morgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs

Kolanovic being a stock bull is not news. On higher oil prices:

• “There could be some potential further spikes in oil, especially given... the situation in Europe and the war. So, we wouldn’t be surprised,”
• “But it could be a short-lived spike and eventually, sort of, normalize.”

On equites, Kolanovic tips the S&P to end the year back around 4,800

• “We don’t think investors will stick in cash for the next 12 months, you know, waiting for this recession,”
• “If we continue to see [the] consumer, especially on the services side holding up — which we do expect — then we think investors will gradually come back into equity markets.”

Weekly candles:

More at that link above.