JPMorgan's Kolanovic Says Volatility-Sensitive Buyers Are Back
- Strategies adding $1 billion to stocks per day, JPM estimates
- Risks of trade war, Fed policy being surpassed by new concerns
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The semblance of equity market calm after December’s dramatic swings is turning funds that take their cues from volatility into buyers once again.
JPMorgan Chase & Co. quantitative analyst Marko Kolanovic wrote in a note Wednesday with global quantitative and derivatives strategist Bram Kaplan that volatility-linked strategies are adding $1 billion to stocks each day. That amount will increase if market gyrations stay more placid, according to the analysts.