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    Home » US Stock Market’s 10% Sell-Off Is Coming to an End, Says JPMorgan’s Marko Kolanovic
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    US Stock Market’s 10% Sell-Off Is Coming to an End, Says JPMorgan’s Marko Kolanovic

    January 25, 20221 Min Read
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    The correction in the S&P 500 could be nearing its final stages as concerns of rising interest rates are overdone, according to JPMorgan’s analyst Marko Kolanovic.

    • The S&P has dropped nearly 10% from its record high as the tech-heavy Nasdaq 100 was lower by more than 15%.
    • A larger percentage of the sell-off has been attributable to the hawkish Fed that is seeking to hike rates to control rising inflation.
    • On a note, Kolanovic stated that the recent bearishness in stocks is in stark contrast with the momentum in economic activity, easing supply chain bottlenecks and an expected strong earnings season.
    • Kolanovic further stated that even though there are concerns that rising input prices will erode margins, the margins are expected to remain resilient due to strong activity and prices topping wage inflation.

    A bearish shift in investor sentiment and oversold technical indicators signals we could be in the final phases of this market correction.

    DXY up +0.40%, S&P 500 up +0.28%

    Source: Markets Insider

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