From Nick Rokke, Editor, Palm Beach Daily:
They call him the Gandalf of Wall Street…
For those who don’t know, Gandalf is the wizard from the Lord of the Rings series whose predictions often turn out right… just like Marko Kolanovic’s do.
Kolanovic is one of the most respected market forecasters out there.
He came to prominence after forecasting the August 2015 flash crash. He was only a couple days away from calling the September bottom. And then he called the top in October before the market pulled back over 12%.
Predictions like those helped make Kolanovic one of JPMorgan’s top strategists.
Here’s why I’m telling you about Kolanovic…
Last week, he made his latest prediction. He told Barron’s that—despite the recent 7%-plus drop in the S&P 500—the market would rebound off strong earnings.
“The market will recover,” he said. “We are less than two weeks from what we think