Kolanovic predicts US stock struggle without Fed cut.

JPMorgan's top markets strategist, Marko Kolanovic, warns that US equities are in for a challenging second half of the year due to the lagging impacts of aggressive monetary tightening by the Federal Reserve. He predicts a looming downturn that threatens to thwart this year's rally, citing deteriorating business conditions and slowing consumer demand. Kolanovic's pessimism comes amid a sharpening divergence in views on Wall Street, with some of his sell-side peers dialing back their gloomy outlooks in recent weeks while others stay risk-averse.