On February 3rd, after Marko Kolanovic suddenly left JPMorgan Chase last summer and caused a sensation on Wall Street, many things happened. The Federal Reserve has lowered interest rates for the first time in four years. Donald Trump has won the presidency of the United States. The S&P 500 index has risen by another 9%. His former colleagues also gave up their bearish views one after another. But for this celebrity strategist, there hasn’t been much change. When he left JPMorgan last year, he was one of the few strategists who still held a pessimistic view of this bull market. He believes that the US stock market faces many risks, ranging from high concentration to geopolitical instability, to the point where it still faces the risk of a significant decline. The S&P 500 index is currently above 6000 points, hitting a new high two weeks ago, but Kolanovic predicts that the index may experience a drop of 1000 points or more.
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