Kolanovic Sees Oil / Stock Market Correlation Decoupling Near $75, Warns Of "Volatility Shock"

The stock market remains subject to a volatility shock, JPMorgan’s leading derivatives strategist said in an otherwise subdued May 11 research piece. The stock market is currently operating using a market correlation factor that is about to change where a “Goldilocks” attitude towards oil could change from “just right” to “too hot” in short notice. Kolanovic: Positive oil / stocks correlation ending near $75 per barrel, don’t fear the value price rise The group thought that higher oil prices are positive for stocks may have its limits. When it was dramatically lower in price, oil was viewed as a commentary…