Kolanovic Warns On ‘Straight Line’ Risk Rally

If you're curious, JPMorgan's Marko Kolanovic still harbors reservations about the risk-asset rally. "Global equities continue to drift higher in an almost straight line since the end of last October, defy[ing] our expectation of a correction," analysts including Kolanovic wrote, in their weekly research digest. It's true. The rally from the October lows, sparked during the first week of November by Janet Yellen and Jerome Powell, looks a lot like a straight line. In fact, global equities h