JP Morgan’s stock guru says oil won’t hurt stocks until it hits $80
Marko Kolanovic
Crystal Mercedes | CNBCJ.P. Morgan’s chief quant says oil prices won’t hurt stock prices until they hit the $80 to $85 per barrel range.
Marko Kolanovic, global head of macro quantitative and derivatives strategy, said when oil prices are stable, oil correlates positively with the S&P 500, but when there are large price increases, the correlation weakens and becomes negative.
West…