JPMorgan's Kolanovic says the globe is not headed toward a recession and is very bullish energy stocks

Oil pumping rigs are situated next to a vineyard of table grapes as viewed on July 8, 2021, north of Bakersfield, California.
George Rose | Getty Images

Stocks tumbled Monday as global growth concerns continue to weigh on markets, but JPMorgan doesn't see a recession on the horizon. With this in mind, the firm is doubling down on its call to buy energy stocks.