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Even oil at $150 a barrel, JP Morgan’s Kolanovic predicts stocks will return to 2022 highs

CNBC with this:

Kolanovic being a stock market bull is not news. On higher oil prices:

  • “There could be other potential oil spikes, especially given … the situation in Europe and the war. So we wouldn’t be surprised.
  • “But it could be a short-lived spike and eventually kind of normalize.”

On stocks, Kolanovic warns the S&P to end the year around 4,800

  • “We don’t think investors are going to stay in cash for the next 12 months, you know, waiting for this recession,”
  • “If we continue to see [the] consumers, especially on the services side, are holding up – which we expect – so we think investors will gradually return to equity markets.

Weekly candles:

More at this link above.


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