Michael Hartnett

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...

Bank of America Chief Investment Strategist Michael Hartnett has turned bullish on bonds for the second half of the year, while raising heightened risks of a stock market sell-off as investors bet on the first Fed interest rate cut. Hartnett, known for his bold contrarian market views, reiterated...

The likelihood of a hard landing — a scenario in which the U.S. economy abruptly falls into a recession, causing a rush to safe-haven investments — has progressively lost fashion among Wall Street forecasters and investors alike. Yet, Bank of America’s chief investment strategist, Michael...

Most investors do not expect a recession in the next 12 months. That’s according to the latest Global Fund Manager Survey (FMS) conducted by Bank of America. The report, released Tuesday, shows optimism in the stock market at its highest level since November 2021 buoyed by expectations that...

In the wake of recent economic data, Bank of America strategist Michael Hartnett has warned that a disappointing jobs report could indicate stagflation, thereby increasing the risk of a stock market selloff. What Happened: Hartnett suggested that the current U.S. economic data points towards a...

The Canadian government has announced several new tax increases in the latest budget released this week to cope with its debt. The country’s capital gains tax will spike to 67% for earnings surpassing $250,000 in the year. This establishes Canada as the nation with the world’s highest...

Bank of America’s chief investment strategist, Michael Hartnett, expects the U.S. economy to shift in 2024 from a ‘goldilocks’ phase into a ‘stagflation’ scenario. This transition is characterized by a slowdown in growth to below 2%, while inflation stubbornly hovers...

A century’s worth of historical data offers a reassuring message to those concerned about technology concentration in the stock market. Goldman Sachs analysis reveals that over the past 100 years, the S&P 500 has consistently continued its upward trajectory in the year following the peak...

The semiconductor rally has soared past previous peaks witnessed during the dot-com bubble era, as Bank of America’s chief investment strategist Michael Hartnett observed in his latest report, ‘The Flow Show.’ The PHLX Semiconductor Sector Index, which monitors the performance of...

A leading Wall Street investment strategist highlighted the exponential increase in the U.S. government debt as the primary cause for the continued rise of assets with finite supplies, such as gold and Bitcoin (CRYPTO: BTC), which appear to be on track to reach their all-time highs. This insight...

Bitcoin (CRYPTO: BTC) surged past $50,000 this week, catapulting to a $1-trillion market valuation just a month after the Securities and Exchange Commission granted approval for the first spot Bitcoin exchange-traded fund. In a similar trend, Nvidia Corp. (NASDAQ:NVDA), the semiconductor giant...

Bank of America Chief Market Strategist Michael Hartnett has drawn a compelling parallel between the current surge in the U.S. “Magnificent Seven” stocks and historical market bubbles dating back to the 18th century. Hartnett’s insights reveal that while every bubble is unique,...

While investor sentiment is running high in the early weeks of 2024, risks remain that could topple the equity market rally that began in the fourth quarter of 2023. Among them: the threat of systemic risk should stresses in the commercial real estate sector hit regional banks. Data from Apollo...

Super Bowl LVIII will cost companies around $7 million for 30-second TV commercials. That’s a 185x jump from the original cost of $37,500 for an ad-spot during Super Bowl I in 1967m according to Bank of America chief strategist Michael Hartnett. To highlight how significant this price...

Global investors are pushing into higher risk strategies as rate cut expectations and forecasts for a less severe economic downturn raised the appetite for higher equity allocations in their portfolios. Despite signs of slowing economic growth in recent weeks, only a net 26% of investors polled in...