Another Bear bites the dust. JPM’s kolanovic “Gandalf” fired for being too bearish

- Marko Kolanovic, JPMorgan's chief global markets strategist, known for conflicting stock-market calls - Kolanovic planning to leave JPMorgan, exploring other opportunities - Kolanovic has lost credibility due to consistently bearish calls on U.S. equities - Kolanovic had a year-end target of 4,200 points for S&P 500, despite it exceeding 5,500 - The S&P 500 rebounded almost 25% in 2023 and advanced over 14% in H1 2024