Marko Kolanovic is a ‘market plumbing’ expert almost without peer. His expertise didn’t translate so well into stock market forecasting though.
Kolanovic is ex-JP Morgan where he issued a long series of bearish equity market calls.
With the S&P 500 now dropping he says now he sees it lower:
- into the low 5K area
- even to the 4K area in the case of a recession
Cites:
- geopolitical tension
- US domestic politics
- ongoing inflation
This article was written by Eamonn Sheridan at www.forexlive.com.
