JP Morgan's market guru says S&P could hit his year-end target of 3,000 next month

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JP Morgan's market guru says S&P could hit his year-end target of 3,000 next month
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Top J.P. Morgan strategist Marko Kolanovic predicts new highs ahead for the stock market.

New highs are ahead for the stock market, top J.P. Morgan strategist Marko Kolanovic told CNBC on Wednesday.

"If earnings season is not a complete disaster, I think markets will go higher and we could actually see our price target being achieved earlier, maybe even sometime in May or June," said Kolanovic, J.P. Morgan's global head of quantitative and derivatives strategy. Stocks closed higher again on Wednesday. The S&P notched a five-day winning streak, gaining 0.2% to end the day at 2,873.40.

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