Kolanovic Calls For ‘Short Squeeze Rally’ Into Year-End

Kolanovic Calls For ‘Short Squeeze Rally’ Into Year-End

JPMorgan's Marko Kolanovic sees something he hasn't seen before. Namely, a paradoxical conjuncture that finds equities mired in a correction (or even a bear market), even as stocks are up more than 20% in 2021. "Over the past four weeks, small-caps and value stocks entered a correction [and] high beta stocks have sold off ~30%, entering a bear market," Kolanovic wrote Friday, describing "a paradox" that finds US stocks down, on average, nearly 30% from this year's peaks, and the median stock o
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