JPMorgan's market guru says shutdowns are working, virus may peak soon and stocks to rebound 40%

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JPMorgan's market guru says shutdowns are working, virus may peak soon and stocks to rebound 40%
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Eric Thayer | Bloomberg | Getty ImagesThe social distancing measures in place around the country are already showing signs of success by one measure, according to a top

strategist, and that could lead to the U.S. economy and stock market bouncing back faster than many expect.could be back to record levels by early next year if this early indicator is right, JPMorgan's Marko Kolanovic said in a note to clients. Kolanovic is global head of quantitative and derivatives strategy and has a wide following on Wall Street for his calls.

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