If the market catches a cold ZIP will catch a fever IMOJust one day after Morgan Stanley CIO Mike Wilson abandoned his bearish stock market call, JPMorgan's Marko Kolanovic is digging his heels in.
Kolanovic is the last mega-bank-bear on Wall Street, reiterating his view in a Monday note that the S&P 500 will fall about 20% to 4,200, levels not seen since October.
"With very high equity valuations, we do not see equities as attractive investments at the moment and we don't see a reason to change our stance," Kolanovic said.
Ann: Zip US Leadership Update, page-232
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Last
$1.38 |
Change
-0.060(4.17%) |
Mkt cap ! $1.554B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.37 | $13.99M | 10.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63033 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 14315 | 4 |
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| ZIP (ASX) Chart |