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Gandalf Sighting! Kolanovic Describes The Next Crisis, Warns Of ‘Backlash Against Central Banks’
Fresh off suggesting that Bitcoin and other cryptocurrencies have all the hallmarks of a pyramid scheme JPMorgan's quant wizard Marko Kolanovic (affectionately known as "Gandalf") is back with a new note.
Lucky for the bulls, there's "good" news.
"With the upcoming positive Q3 earnings season, uptick in global growth, promise of tax reform keeping fundamental funds invested, and low volatility keeping systematic strategies invested, near-term risks of a selloff have abated,” Kolanovic says,
