Over the past 3 months, the name Marko Kolanovic, head of JPM’s Quant Team, has become one of the most loved, or feared (depending on which way he is leaning) and respected on all of Wall Street for one simple reason: think Dennis Gartman, only correct every time.
The reason, as we have profiled before, is simple: he has somehow succeeded in calling every single market inflection point since the August 24 flash crash, and we have documented them all:
August 21, just before the Black Monday flash crash: “Why The Market Is Crashing Into The Close: JPM Explains“ August 27: “JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday“ September 3, before the next leg lower in stocks: “Home JPM Head Quant Is Back With New Warning: “Only Half The Selling Is Done; Expect More Downside“” But his most prodigious call came on September 24 when we wrote “Bears Beware, JPM’s Head Quant Just Flipped To Bullish: “The Technical Buying Begins.” So it did, leading to the biggest market ramp in history, and biggest monthly point gain ever.
This post was published at Zero Hedge on 11/05/2015.
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