Kolanovic, whose calls have moved the stock market in the past, has cited a slew of reasons for the year-end rally, including a decline in volatility and strong earnings in addition to forecasts on Fed and trade policy.
Despite autumn fears of slowing economic growth, an aggressive central bank and a worsening trade dispute, Kolanovic's bullish bet has been justified thus far. Stocks have rallied over the past month, with the broad S&P 500 up 2.2 percent and the Dow Jones Industrial Average climbing 2 percent.
The indexes both rallied more than 1 percent on Monday.
Also as he predicted weeks ago, much of the recent gains have been the direct result of changes at the Fed as well as a temporary reprieve in the trade relations between the U.S. and China.
Last week, Fed Chairman Jerome Powell said that he sees the central bank's benchmark interest rate near to a neutral level. He also said that the Fed's policymaking arm is not on a preset hiking path and could adjust its plans as needed.
"Interest rates are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy — that is, neither speeding up nor slowing down growth," Powell told the Economic Club of New York last week.
Some market participants viewed those comments as a stark contrast to his comments made in October, when he said the federal funds rate was a long way from neutral; stocks posted steep losses at that time.
The U.S. and China have also appeared to soothe markets after President Donald Trump and President Xi Jinping agreed to pause tariffs amid trade discussions. While many viewed the agreement at the G-20 summit in Buenos Aires, Argentina, as a petty way to delay debate over fundamental differences, markets rallied Monday in light of the compromise.
Both the S&P 500 and the Dow are well out of correction levels and hovered 4 to 5 percent below all-time highs Monday afternoon.
For his part, Kolanovic took a more optimistic tact on the truce, arguing that the accord is another sign that the spat may be about to finish.
"Our view is that despite likely additional volatility and more ups and downs, the ill-conceived trade war with China is ending," he wrote. "We believe, simply speaking, that the administration cannot afford a falling market, large trade related layoffs, and fleeing donors in a pre-election year."
Ten percent tariffs on $200 billion worth of goods exported from China will remain in effect as representatives for each nation discuss intellectual property rights, the trade deficit and other economic issues. Should Washington and Beijing fail to reach a deal by March 1, the tax rate on Chinese imports will rise to 25 percent.