‘Get Em’ While They’re Still Hot’

It probably wasn't a "forecast." On Friday, a couple of media outlets jumped at the opportunity to run a headline about equity inflows more than quintupling their previous annual record in 2021. The figure ($1.6 trillion) came from BofA's Michael Hartnett, whose notes you have to learn to read. His digital pen produces words, yes, but it also produces equations, mild hyperbole, colorful superlatives and extrapolation. Note that none of that is meant as criticism. Hartnett's work is superbly e