Stocks jump to close out second best week of 2022: S&P 500 gains 3.1%, Dow adds 800+ points

Bloomberg

JPMorgan’s Kolanovic Sees a 7% Boost for Stocks From Rebalancing

(Bloomberg) — JPMorgan Chase & Co.’s Marko Kolanovic, a steadfast bull on US equities during this year’s selloff, is calling for stocks to rise 7% next week as pension and sovereign wealth funds rebalance their portfolios.Most Read from BloombergSupreme Court Overturns Roe, Transforming Abortion-Rights FightStocks Roar Back With Best Week in a Month: Markets WrapJuul’s Vaping Products Are Ordered Off the Market in the US‘Coast to Coast’ Housing Correction Is Coming, Says Moody’s Chief Economist