JP Morgan’s trading guru says the bubble in defensive and tech stocks ‘will likely collapse’
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020.
Lucas Jackson | Reuters
A bubble has formed in defensive and low-volatility stocks as coronavirus fears drove a record number of investors to those pockets of the market, according to JPMorgan’s quant guru Marko Kolanovic.
Since the coronavirus outbreak, hedge funds have…
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