The S&P 500 faces a near-term selloff and likely won't rally until the Fed starts cutting rates, JPMorgan's top strategist says

(February 22 19:54) Businessinsider.sg

JPMorgan's Marko Kolanovic said the S&P 500 could fall 5%, while high-beta tech stocks could drop up to 10% in the near term.

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The S&amp;P 500 faces a near-term selloff and likely won't rally until the Fed starts cutting rates, JPMorgan's top strategist says