Kolanovic: Brexit Bounce Was Central Bank Orchestrated; Volatility To Rise

With all the risks in the world, why is the stock market moving higher? JPMorgan’s Quantitative and Derivatives Strategy head Marko Kolanovic has the answers to this question, as well as a take on where volatility is headed and how CTA strategies are positioned. When looking at the Brexit “V” stock market crash and resulting recovery, in an August 2 report he pegged a controversial causation for the move: unreported central bank market intervention.

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Kolanovic: Combination of monetary & fiscal policy driving stocks higher

When considering the geopolitical uncertainty that impacts stocks, Kolanovic first points to consensus causation that includes Brexit and potential for Donald Trump to...