Investors hoping for a rate cut from the Fed need to wake up to the fact that such a move would be bearish for stocks, JPMorgan's Marko Kolanovic says

• JPMorgan's Marko Kolanovic said in a Monday note that the worst has yet to come for the stock market.
• Kolanovic said investors are not acknowledging the fact that interest rate cuts from the Fed would be bearish. 
• Interest rate cuts "will either be because of the onset of a recession or a significant crisis in financial markets," Kolanovic said.

The worst has yet to come for the stock market as investors fail to grasp the risks related to Federal Reserve potentially cutting interest rates, according to JPMorgan's chief global markets strategist Marko Kolanovic.