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JPMorgan's Kolanovic says buy more stocks on vaccine news, market will look past latest Covid surge

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People walk past the New York Stock Exchange in the Manhattan borough of New York, November 10, 2020.
Carlo Allegri | Reuters

(This story is for CNBC Pro subscribers only).

JPMorgan's top-rated equity strategist Marko Kolanovic said Friday that the positive news about Pfizer's vaccine candidate was a "game-changer" that could help the market jump more than 10% in the next few months.

Kolanovic, the bank's head of macro quantitative and derivatives strategy, said in a note that the expected vaccine should spur investors to look through the rising Covid-19 cases this winter and focus on the economic recovery ahead.

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