Best inverse indicator was Marko Kolanovic getting fired from JPMorgan Chase as the last bear on Wall Street. Literally marked the top on the market. He will end up looking like a genius.
Kolanovic was right https://t.co/7N7bfWg9vj https://t.co/xwwDSk6fI7
Remember when Kolanovic got fired for being bearish, but at the end of the day he was right? $JPM
Marko Kolanovic's departure from JPMorgan Chase & Co. has become a focal point of discussion among Wall Street analysts, particularly as the market recovers from a recent downturn. Kolanovic, known for his bearish outlook, was reportedly pushed out in early July, a move that some now view as a misstep given his predictions about market trends. Analysts have labeled him as the last bear on Wall Street, with many suggesting that his firing coincided with a market peak. As stocks rebound, there is growing recognition that Kolanovic's insights may have been more accurate than initially perceived. His exit has sparked conversations about the implications of such market calls and the timing of personnel decisions at major financial institutions.
