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Marco Kolanovic: Recent Rally Was Short Covering From CTAs

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Mark Melin
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There are powerful market trends that may be reversing, says a new report from JPMorgan’s head quantitative and derivatives strategist Marko Kolanovic.  In the Feb. 19 report, Marco Kolanovic says the recent stock market rally was in part due to short covering from CTAs, says there is a chance to avoid the “self-inflicted” recession but advises on taking a noncorrelated approach to investing as he weighs in on what is ailing the big banks, including the recent proposal to break them up.

JPM 2 19 Oil Marco Kolanovic
Marco Kolanovic

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.