JPMorgan’s top quant said the tax plan released by President Trump and the GOP last week could further boost the stock market if it becomes law.
“If we can have tax reform, [the] market’s going to look a little bit cheaper and people will probably go and pick up some value-type stocks,” said Marko Kolanovic, global head of macro quantitative and derivatives research, on CNBC’s “Fast Money” on Tuesday. “I think market valuations are high, [but] in the context of low yields they’re OK.”
