BofA’s Hartnett Sees Goldilocks Economy Morphing Into Stagflation
The macro narrative’s taking an unfavorable turn. So said BofA’s Michael Hartnett in the latest
The macro narrative’s taking an unfavorable turn. So said BofA’s Michael Hartnett in the latest
The animal spirits are stirring. That’s according to BofA’s Michael Hartnett who, in the latest
Market participants witnessed enough remarkable developments over the past fours years to burn retinas. November
The absence of an escalatory crude rally in the presence of the Israel-Hamas war is
Stocks may be the best inflation hedge on the board, but measured in real terms,
“Cautious.” That’s how one popular strategist is feeling right now, as traders turn the page
“The pain trade is still up.”
You’ll either listen to Michael Hartnett, or you’ll end up like Seth.
Oh, good.Â
The new edition of BofAML’s Global Fund Manager survey is out, which means we get a fresh look at what folks told Michael Hartnett about the “most crowded trades”.
The world’s largest economy just turned a corner. The latest CPI update out of the
The stars may be aligning for the unloved long-end. That’s according to BofA’s Michael Hartnett
Last month was pivotal. Maybe “pivotal” isn’t the right word. Let’s call it “remarkable” instead.
Here’s an idea: What if new tariffs are deflationary? If you’re inclined to dismiss that
Bonds have very nearly pulled even for 2024. Maybe you noticed. 10-year US yields were
“All roads lead to Nvidia.” That’s the trade. Or at least that’s how the market’s
Two sessions, two new all-time highs. In the first two frames of a split week,
Bullish flows! Or something. I don’t know. You gotta have a hook. Otherwise it’s just
“You know it’s a bubble when everyone starts telling you it’s not a bubble.” That’s
Way back two weeks ago, I took a few minutes to editorialize around what I
I doubt anyone came away from this week wiser. By Friday afternoon in the US,
Bonds. Nobody wants them. I shouldn’t say nobody. Maybe Lacy Hunt wants them. Or Albert
Heavens to Betsy! I almost forgot to mention the May vintage of BofA’s closely-watched Global
Everyone’s in the “Anything But Bonds” rally and “no one’s in the long-end.” So said
One popular strategist has it all figured out. Bonds and the dollar are in an
Carrying-on about the many perils of equity market concentration runs the risk of eliciting exhausted
“There’s more to it. It’s not that simple.” I say that to myself, despairingly, all
For the world’s largest economy, a “no landing” is far more likely at this point
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