Kolanovic Says Inflation, Geopolitical Risks Point To Additional Downside
Equities could stabilize this week, but after that it's anyone's guess.
That was the message on Monday from JPMorgan's Marko Kolanovic, who suggested that whatever happens over the next several sessions as big-cap US tech reports, the nascent correction in equities probably "has further to go."
US shares rebounded to start the week, but are coming off the worst stretch since last year's regional banking mini-crisis.
There are two main issues: A re-pricing in rates (STIRs now show fewer than