JPMorgan’s Kolanovic: Cut Stocks, Buy Gold, Hold Your Cash
Marko Kolanovic, the global head of macro quantitative and derivatives strategy at JPMorgan Chase & Co., has a message for investors: cut stocks, buy gold, and hold your cash.
Kolanovic, who is known for his accurate predictions of market moves, said in a note to clients on Monday that investors should be cautious and prepare for a potential market correction. He said that the current market environment is “unusually risky” and that investors should be prepared for a “significant” correction.
The Risky Market Environment
Kolanovic said that the current market environment is “unusually risky” due to a number of factors. He pointed to the “unprecedented” level of central bank intervention, the potential for inflation to rise, and the potential for a “disorderly unwind” of the current market rally.
Kolanovic said that the current market environment is “unusually risky” due to a number of factors. He pointed to the “unprecedented” level of central bank intervention, the potential for inflation to rise, and the potential for a “disorderly unwind” of the current market rally.
Kolanovic said that the current market environment is “unusually risky” due to a number of factors. He pointed to the “unprecedented” level of central bank intervention, the potential for inflation to rise, and the potential for a “disorderly unwind” of the current market rally.
Kolanovic also noted that the current market environment is characterized by “excessive” valuations, low volatility, and a “disconnect” between the stock market and the real economy. He said that these factors could lead to a “significant” correction in the near future.
Kolanovic’s Advice
Kolanovic said that investors should be prepared for a potential market correction and should take steps to protect their portfolios. He advised investors to reduce their exposure to stocks and to increase their exposure to gold and cash.
Kolanovic said that investors should reduce their exposure to stocks by “hedging” their portfolios with options or other derivatives. He also said that investors should increase their exposure to gold, which he said is a “safe haven” asset in times of market volatility.
Finally, Kolanovic said that investors should hold their cash, as it is a “liquid” asset that can be used to take advantage of opportunities that may arise during a market correction.
The Outlook for the Market
Kolanovic said that the current market environment is “unusually risky” and that investors should be prepared for a “significant” correction. He said that the current market rally is “unprecedented” and that it could be followed by a “disorderly unwind”.
Kolanovic said that investors should take steps to protect their portfolios by reducing their exposure to stocks, increasing their exposure to gold, and holding their cash. He said that these steps will help investors to weather any potential market correction.
Kolanovic said that the current market environment is “unusually risky” and that investors should be prepared for a “significant” correction. He said that investors should take steps to protect their portfolios by reducing their exposure to stocks, increasing their exposure to gold, and holding their cash. He said that these steps will help investors to weather any potential market correction.