Marko Kolanovic Says Reflation Trade To Resume – With A Vengeance

Marko Kolanovic Says Reflation Trade To Resume – With A Vengeance

When JPMorgan set its year-end 2021 price target for the S&P late last year, it was the highest on the Street. Fast forward a few months, and the benchmark is just 5% below that year-end target. Indeed, as I've been keen to mention on a number of occasions recently, US equities ran away from analyst targets pretty quickly this year. Prior to the last two sessions, stocks were threatening to completely antiquate Street estimates just four months in (familiar figure below). There are myri
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