JPMorgan's top equity strategist Kolanovic says the next market leg higher is coming soon

Marko Kolanovic
Crystal Mercedes | CNBC

After a calm spring, the stock market appears poised to push higher once again, according to JPMorgan's Marko Kolanovic.

After a dramatic comeback in 2020 and strong start to this year, the equity market has been stuck in neutral in recent weeks. The S&P 500 is trading near a record high, but has been bouncing around the 4,200 level for more than a month.

Kolanovic, who gained a following on Wall Street over the past two years for his timely market calls during the coronavirus pandemic, said in a note to clients Monday that the market was positioned for a breakout.

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