Michael Hartnett

A sharp divide is emerging on Wall Street. Bank of America's strategist Michael Hartnett says that President Donald Trump‘s economic policies are lifting capital-rich tech giants rather than domestically focused small caps. “It’s like the ’80s deregulation...

Bank of America chief investment strategist Michael Hartnett says it's time to "buy humiliation and sell hubris," and nowhere is that more relevant than in the long-end of the U.S. Treasury market, following weeks of sharp selloff. In his latest "The Flow Show" published Friday, Hartnett made a...

Bank of America's chief investment strategist Michael Hartnett sees a powerful rotation in financial markets, with so-called "peace trades" now eclipsing "war trades" as the key driver of 2025 performance — a shift that could unleash the next bull market in emerging markets. In his latest "The Flow...

Increasing pressure from rising borrowing costs could soon force Washington to scale back its protectionist stance. Bank of America's chief investment strategist Michael Hartnett predicts that tariffs will decline this quarter to avoid destabilizing the massive U.S. debt funding machine. In a note...

Even after a powerful rebound after the early-April tariff-driven selloff, Bank of America’s chief investment strategist Michael Harnett says the case for a lasting bull market still depends on a rare trio of conditions that remains out of reach for now. In his regular “The Flow Show...

Investor confidence is unraveling at a pace not seen in years, with recession odds climbing, U.S. equity allocations collapsing and cash piles swelling, signaling one of the most bearish market outlooks in a quarter-century. In a note shared Tuesday, Bank of America's Michael Hartnett said April's...

Bulls are storming back into markets with near-record inflows into stocks and gold, brushing aside concerns that trade tariffs could unleash an economic recession and a bear market on Wall Street. In a note shared Friday, Bank of America's chief investment strategist Michael Hartnett said U.S....

Investors funneled cash into U.S. equities at the third-highest pace in history last week, with Bank of America strategist Michael Hartnett framing it as a “correction, not a bear market,” following four weeks of market turmoil. What Happened: According to BofA Global Investment...

Investors may be underestimating Donald Trump‘s potential push for fiscal discipline, making long-term bonds and rate-sensitive sectors an attractive bet, according to Bank of America’s chief investment strategist Michael Hartnett. In his flagship ‘The Flow Show’ report...

The S&P 500 index is set to end 2024 with its strongest edge over global equities in nearly 30 years, a remarkable streak fueled by U.S. economic dominance. Yet, Bank of America analysts caution that the rally's days may be numbered, predicting a reversal as early as the second quarter of 2025...

The S&P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party may not last forever. According to Hartnett’s latest Flow...

The Bank of Japan’s sudden U-turn on policy has ignited strong reactions on Wall Street this week, with investors now eyeing significant interest rate cuts from the Federal Reserve. Bank of America’s chief investment strategist, Michael Hartnett, believes that Wall Street has...

Risk-off sentiment dominated the markets on Friday, leading to significant losses in equities while bonds and gold surged. as investors sought refuge in safe-haven assets amid escalating economic risks. The CBOE Volatility Index (VIX), also known as the market fear index, skyrocketed over 50% to...

Bank of America’s chief market strategist, Michael Hartnett, is increasingly bullish on bonds for the rest of the year, viewing Treasuries as a safeguard against equity volatility and the non-negligible risk of a harder landing for the U.S. economy. In his “The Flow Show” note...

Bank of America’s latest economic outlook for the U.S. paints a complex picture of steady but gradually fading economic growth, persistent inflation and a delayed start to the Federal Reserve’s rate cuts. The bank’s economist, Michael Gapen, emphasizes a “higher-for-longer...