Kolanovic Says Stocks May Soar 7% Next Week

Could rebalancing flows help US stocks log their largest weekly gain since November of 2020? Maybe, according to JPMorgan's Marko Kolanovic, who, on Friday, noted that although rebalances aren't typically the main driver of markets, they can take on outsized significance following one-way price action. The dynamic can be even more pronounced when rebalancing flows hit in low-liquidity environments. "Next week’s rebalance is important since equity markets were down significantly over the past
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