Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Buy The Dip? No. Sell The Cut.
The Fed's likely to cut "aggressively" and when it comes to risk assets, it's best to "sell the first cut."
That was the (familiar) message from BofA's Michael Hartnett who, writing in this week's installment of his popular "Flow Show" series, said although it's "not all doom and gloom," some of the incoming macro data is "challenging" for the soft landing crowd.
A US jobs report billed as "make or break" turned out to be inconclusive on Friday, and the readouts didn't fall neatly into Hartnet
I don’t recall exactly the table of systematic buy/sell vs rolling vol, but fair to assume we are getting into “$XXBN selling trigger” territory now?