JPMorgan Sees S&P Tumbling To 2,500 In Case Of Blue Wave, Surging To 3,900 If Red Wave

We have successfully tracked down the table that sent Marko Kolanovic over the edge.

As we reported earlier, the JPM strategist went apeshit when one of the bank’s derivatives sales traders had posted a summary of the commodities strategists’ views on how a win by former Vice President Joe Biden would affect the market, saying there would be “very little impact” which sparked Marko to flip out. The summary table is presented below, and it comes courtesy of a JPM report titled “Market Intelligence: US Election Update.”

As further reminder, this is how Kolanovic responded when seeing the above table: “Wait so our commodity guys base their forecast based on our FX guys’ forecast, which based forecast based on our economist forecast, who bases his forecast of party preference.” You can read more about the incident here.


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