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Fortune

Christiaan Hetzner

Wall Street’s biggest bear is out of a job after predicting a U.S. recession that never happened

Marko Kolanovic JPMorgan Recession Pandemic

Wall Street bears have it tough amid the ongoing rally. (Credit: Getty Images)

JPMorgan’s chief market strategist is boxing up his belongings on Wednesday after more than two years in which his consistently wrong-footed calls cost the bank and its clients money.

Marko Kolanovic is “exploring other opportunities” after 19 years with the Wall Street firm, according to an internal memo first reported by Bloomberg and later matched by the Wall Street Journal on Thursday.

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