JPMorgan Shocks Market: Replaces 19-Year Veteran Strategist Kolanovic with Junior Lakos-Bujas Amidst Series of Mistimed Calls

New York, New York, USA United States of America
JPMorgan predicts S&P 500 to be 4,200 for the year while no other major firm is below 5,200
JPMorgan replaces 19-year veteran strategist Marko Kolanovic with junior Dubravko Lakos-Bujas
Kolanovic made a series of mistimed stock market calls in recent times
Kolanovic predicted a stock market rebound in the middle of the Covid-19 pandemic but has been bearish over the past two years as the market reached new highs
S&P 500 has seen an increase of over 15% this year and closed above 5,500 on Tuesday
JPMorgan Shocks Market: Replaces 19-Year Veteran Strategist Kolanovic with Junior Lakos-Bujas Amidst Series of Mistimed Calls

In a recent shake-up at JPMorgan, Marko Kolanovic, who had a 19-year career predicting global market movements, has been replaced as chief global market strategist by his junior Dubravko Lakos-Bujas. This move comes after Kolanovic made a series of mistimed stock market calls in recent times. JPMorgan's prediction for the S&P 500 this year is 4,200, while no other major firm in the CNBC Market Strategist Survey is below 5,200. The S&P 500 has seen an increase of over 15% this year and closed above 5,500 on Tuesday. JPMorgan's Kolanovic predicted a stock market rebound in the middle of the Covid-19 pandemic but has been bearish over the past two years as the market reached new highs. His departure was first reported by Bloomberg News.


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Confidence

85%

Doubts
  • Are there any potential conflicts of interest in JPMorgan's market predictions?
  • Is it confirmed that Kolanovic's departure was due to his mistimed calls?

Sources

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

Kolanovic to leave JPMorgan after series of mistimed stock market calls

Financial Times Sunday, 07 July 2024 22:04
  • Unique Points
    • JPMorgan’s Kolanovic is leaving the firm
    • Kolanovic has made a series of mistimed stock market calls
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (0%)
    None Found At Time Of Publication

95%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

JPMorgan demonstrates that if veteran MDs don't perform, it will elevate their juniors

EFinancialCareers Sarah Butcher Wednesday, 03 July 2024 18:24
  • Unique Points
    • Marko Kolanovic has had a 19-year career at JPMorgan predicting movements in global markets.
    • Kolanovic has been replaced as chief global market strategist by his junior Dubravko Lakos-Bujas.
    • Lakos-Bujas warned of a potential flash crash in the equities markets three months ago.
  • Accuracy
    • Marko Kolanovic called for a rise in the market when it fell, and called for a fall when it rose
    • JPMorgan's current year-end prediction for the S&P 500 is 4,200.
    • The S&P 500 is up more than 15% this year and closed above 5,500 on Tuesday.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

92%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermine the credibility of the source. It is calculated as:
(Site Conflicts Of Interest + Author Conflicts Of Interest) / 2.0 * 0.2 + ArticleBiasScore * 0.20 + UniquePointsScore * 0.05 + DeceptionScore * 0.20 + ReadabilityScore * 0.05 + FallacyScore * 0.20

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

One of the biggest bears in this bull market is leaving JPMorgan

CNBC News Jesse Pound Wednesday, 03 July 2024 14:06
  • Unique Points
    • Marko Kolanovic, JPMorgan’s chief global markets strategist and co-head of global research, is leaving the bank.
    • Kolanovic predicted a stock market rebound in the middle of the Covid-19 pandemic but has been bearish over the past two years as the market reached new highs.
  • Accuracy
    • JPMorgan's current year-end prediction for the S&P 500 is 4,200.
    • The S&P 500 is up more than 15% this year and closed above 5,500 on Tuesday.
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (95%)
    The article mentions that Marko Kolanovic was bearish over the past two years and JPMorgan's current year-end prediction for the S&P 500 is lower than other major firms. This creates an Appeal to Authority fallacy as it implies that JPMorgan's prediction being lower is a valid reason to believe the market will not perform well, when in fact it could simply be an outlier opinion. However, since the author does not explicitly state that this is the reason for Kolanovic's bearishness or for investors to be bearish, and instead presents it as a fact about JPMorgan's prediction and Kolanovic's past performance, I cannot give a score of 0. Therefore, the score is 95.
    • JPMorgan’s current year-end prediction for the S&P 500 is 4,200, while no other major firm in the CNBC Market Strategist Survey is below 5,200.
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication