JPMorgan’s quant master Marco Kolanovic looks at the stock Brexit crash and rebound and sees similarities with the August 2015 version. In a June 30 report emailed to clients and reviewed by ValueWalk, he says the Brexit vote was “largely a repeat of August ’15” and warns of risks ahead.
Kolanovic: Brexit crash similar to August 2015
Kolanovic, in Thursday’s report, looks at the recent Brexit market crash and rebound and notes a high degree of consistency with the August 15 version of the market crash.
During both market crashes, overnight stock futures markets witnessed...
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