JPMorgan’s Kolanovic Trims Bullish Stocks Call on Recession Risk

Marko Kolanovic took another step in backing off the bullish stocks call that he had maintained throughout much of the market’s rout this year.

Kolanovic, co-head of global research at JPMorgan Chase & Co. and the most vocal bull on Wall Street, said in a report that he was reducing his overweight equities position because recession risks remain high.