INSUBCONTINENT EXCLUSIVE:
Biased news outlets, political opportunists and publicityhungry analysts are whipping the stock market into a frenzy that goes beyond
anything justified by economic or earnings fundamentals, according to JPMorgan Chase Co
strategists led by Marko Kolanovic.
Kolanovic, global head of macro quantitative and derivatives research, was among the JPM analysts who
published a year-ahead outlook on Friday with an expected 2019 target of 3,100 on the SP 500 Index, implying a gain of almost 18 per cent
fundamental strategy.
The benchmark stock index sank 4.6 per cent in the latest week, to 2,633 points, its biggest decline since March, and
is down 1.5 per cent for the year to date
In the past three weeks, US stocks have lurched between between gains and losses of at least 3 per cent, volatility not seen such the global
and coverage with negative calls, and foreign adversaries amplify a negative news cycle in order to foster divisions and erode confidence in
add to this an increased number of algorithms that trade based on posts and headlines, the impact on price action and investor psychology
