When it comes to predicting the market’s turbulent swings over the late summer, JPM’s quant team has been absolutely phenomenal, with virtually every single call being absolutely spot on. We previously documented the best exampled as follows:

  • August 21, just before the Black Monday flash crash: “Why The Market Is Crashing Into The Close: JPM Explains”
  • August 27: “JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday”
  • September 3, before the next leg lower in stocks: “Home JPM Head Quant Is Back With New Warning: “Only Half The Selling Is Done; Expect More Downside””
  • But it was his final call, that from the end of September, that may have been the most monumental. We flagged it on September 24 as follows: “Bears Beware, JPM’s Head Quant Just Flipped To Bullish: “The Technical Buying Begins” and we noted that, according to JPM’s calculations, quants are about to unleash a major buying spree.

    This is what happened after:

     

    JPM was right. Again.

    Where do we stand now? Here is the latest from JPM’s quant wizards: