Michael Hartnett

Bank of America chief investment strategist Michael Hartnett, predicts that global central banks will collectively deliver 152 interest rate cuts in 2024. This would mark the first year since 2020 when rate cuts surpass rate hikes. According to the leading Wall Street analyst, markets are going...

Investors have injected a staggering $40 billion into equities over the past two weeks, propelling the S&P 500 index to its most robust monthly performance in 2023. Bank of America’s chief strategist, Michael Hartnett, revealed these staggering numbers in a note to clients on Friday. The...

Investor sentiment towards oil and gas stocks seems to be on the rise, contradicting Wall Street’s cautious outlook. What Happened: Bank of America strategist Michael Hartnett, in a note, indicated that fund managers have been progressively favoring energy stocks in October. As per Bloomberg...

This year’s bull market in stocks is a reflection of a bull market in monopolies and oligopolies, according to Bank of America’s Chief Investment Strategist Michael Hartnett. While the S&P 500 boasts a commendable 14% year-to-date (YTD) increase, a closer look...

As the second half of 2023 unfolds, the U.S. tech sector finds itself at a crossroads, with potential trouble on the horizon, according to a recent assessment by Bank of America’s Chief Investment Strategist, Michael Hartnett. In his latest report, “The Flow Show,” Hartnett...

In his latest “The Flow Show” report, Bank of America’s chief investment strategist, Michael Hartnett, continues to express pessimistic views on the stock market. Contrary to the prevailing bullish sentiment, Hartnett believes that this is not a new ‘shiny bull market...

As investors continue to flock to technology firms on the back of the AI boom, contrarian investors on Wall Street are contemplating the next move to profit on setbacks from the current market euphoria. Michael Hartnett, chief investment strategist at Bank of America, suggested the ultimate...

Bank of America's chief investment strategist Michael Hartnett called the AI a "baby bubble" with inflationary effects for the economy in his most recent 'The Flow Show' report.  The analyst said that the first phase of the AI-stocks' surge can be...

President Joe Biden's first term in office has been a unique one from an economic perspective, and Biden now finds himself in a situation that no other U.S. president has faced since 1952. Historically, the economy and the jobs market have been highly correlated to a president's approval...

If the debt ceiling dispute triggers an abrupt risk-off in financial markets, the Federal Reserve will then resume quantitative easing, as the Bank of England did in September, said Bank of America chief investment strategist Michael Hartnett in a recent report.  Cracks are emerging in...

A structurally higher inflation is currently being "locked in" by central banks, which will force the stock market to re-adjust to a new inflation-interest rate regime over the coming years, said Michael Hartnett, chief investment strategist at Bank of America Securities.  In...

The risk appetite of investors remains depressed, not far from the extreme pessimism of 2022 and comparable to the levels of the 2009 Great Financial Crisis, according to the most recent Global Fund Manager Survey (FMS) conducted by Bank of America. BofA's overall risk sentiment barometer,...

Michael Hartnett, chief investment strategist at Bank of America, projected the start of a bear market for the U.S. dollar, predicting a 20% loss in the U.S. dollar index (DXY). According to the most recent "The Flow Show" from Hartnett, markets are entering a new period of conflict,...

The week kicked off with a significantly different and more risk-averse tone than the one that surrounded the U.S. stock market over the last month.   Following Friday's robust labor market data, traders have repriced the Fed's rate path higher, placing greater odds of a...

The recession drumbeat is becoming increasingly louder, and investors are overly optimistic about Fed rate cuts and not worried enough about an economic slowdown, Bank of America Securities Chief Investment Strategist Michael Hartnett said Monday.  Corporate earnings are likely...