JP Morgan’s stock strategist predicts a rally in the end of the year

After the october plunge

The investors who helped pull the market down during the October plunge could be the same ones who fuel a rally into the end of the year, according to J.P. Morgan Chase strategist Marko Kolanovic.

With markets hovering around technical correction levels, Kolanovic notes that hedge funds went from their record-high long positions in September to the highest level of bets against the market since 2015 in October. Managers who rebalance their portfolios monthly are at their shortest levels since February 2009, just before a market bottom that led to the longest bull run in history.

http://www.cnbc.com

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