JPMorgan's Kolanovic cuts his S&P 500 forecast, but still expects a big comeback

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2022. 
Brendan McDermid | Reuters

JPMorgan's Marko Kolanovic, a widely followed strategist on Wall Street, cut his S&P 500 year-end target on Monday — but said he still expects strong growth for the year.

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