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Quant strategist Kolanovic: Selloff still has room
JP Morgan warns: The stock market correction is still ongoing! Find out more about the forecast from quant strategist Marco Kolanovic. #Stockmarket #Correction #JP Morgan
Quant strategist Kolanovic: Selloff still has room
The correction in the stock market, which has so far recorded a loss of around four percent since the all-time high, could continue, according to Marco Kolanovic of JP Morgan. Despite a current increase of 6.1 percent since the beginning of the year, the quant strategist warns of a continued sell-off. He predicts that last week's heavy losses could continue.
Kolanovic, an expert in quantitative strategies at the largest bank in the US, JP Morgan, believes that the S&P 500 is not out of the woods yet. In his opinion, the market is facing further downturns. Although the situation is still positive at the moment, this could change soon.
Investors are therefore advised to be cautious and keep a close eye on developments in the stock market. The warning of a possible further decline in the S&P 500 shows that the correction is not over yet and investors may have to expect further turbulence.
It remains to be seen how the situation will develop in the coming weeks and whether Marco Kolanovic's predictions will come true. Investors should therefore pay attention and adjust their investment strategies accordingly to minimize possible losses and take advantage of opportunities.