I hate stories like this. Marco Kolanovic was not proven "right" because of a few weeks of trading.
He was incredibly bullish all the way through the 2022 mini-bear market only to turn to a bearish sell call at the literal bottom of the market in the fourth quarter of that year. If you traded on his forecasts, you would have bought high and sold low and locked in losses that vastly exceed what is being discussed in the article.
And this is not meant as a dig on the man. I found his through process and insights extremely nuanced and helpful in considering potential future scenarios. It is more an acknowledgement that he is attempting pinpoint accuracy in the notoriously vague and unforecastable subject of short term market patterns.
Now if we look up four months from now and the market is back down to 4,200 where he said it was going to be, then I will be more circumspect.
https://lnkd.in/efJ8EvgP