JP Morgan uber-quant Marko Kolanovic has been a bull for a long time and is remaining one for now. Snippet comments:
- We stay pro-risk, with OWs in equities and commodities and UWs in bonds and cash.
- The past week’s sell-off appears overdone, and driven to a large extent by technical flows, fear, and poor market liquidity, rather than fundamental developments.
S&P update ... the concerns Kolanovic highlights have certainly had an impact ... :
