Kolanovic Sees Risk Ahead, Brexit Crash Similar To August 2015

JPMorgan’s quant master Marco Kolanovic looks at the stock Brexit crash and rebound and sees similarities with the August 2015 version. In a June 30 report emailed to clients and reviewed by ValueWalk, he says the Brexit vote was “largely a repeat of August ’15” and warns of risks ahead. Kolanovic: Brexit crash similar to August 2015 Kolanovic, in Thursday’s report, looks at the recent Brexit market crash and rebound and notes a high degree of consistency with the August 15 version of the market crash. During both market crashes, overnight stock futures markets witnessed morning limit down moves on crash…