Michael Hartnett

Latest articles

1d
Irish Examiner
A record level of global investors think shares are overvaluedcurrently overvalued. “Icarus is flying ever closer to the sun and investors’
Irish Examiner / Posted yesterday
currently overvalued. “Icarus is flying ever closer to the sun and investors’ risk-taking has hit an all-time high,” said Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch. “A record high percentage of investors say... Read more
2d
Reuters
Asian stocks skid as oil woes sap sentiment, euro stands tallof respondents are taking above normal levels of risk in their investment. “Ic
Reuters / Posted 2 days ago
of respondents are taking above normal levels of risk in their investment. “Icarus is flying ever closer to the sun,” said Michael Hartnett, chief investment strategist at BofA Merrill Lynch. All three major U.S. stock indexes dipped on Tuesday as... Read more
12 related articles
2d
Business Insider
'Irrational exuberance' could spell disaster for marketssaying equities are overvalued is at a record high, yet cash levels are falling
Business Insider / Posted 2 days ago
saying equities are overvalued is at a record high, yet cash levels are falling," BAML's chief investment strategist, Michael Hartnett, wrote in a note. "This is a sign of 'irrational exuberance.'" Harnett also says expectations around a... Read more
2 related articles
3d
Zero Hedge
Bank Of America: "This Is A Clear Sign Of Irrational Exuberance"of America confirmed what recent market actions have already demonstrated, name
Zero Hedge / Posted 3 days ago
of America confirmed what recent market actions have already demonstrated, namely that, as BofA Chief Investment Strategist Michael Hartnett explained, there is a "big market conviction in Goldilocks leading to capitulation into risk assets" while... Read more
2 related articles
4d
WA Today
Global credit market flashes early warning alertRBC. The iTraxx Crossover index measuring bond risk in Europe jumped 25 basis p
WA Today / Posted 4 days ago
RBC. The iTraxx Crossover index measuring bond risk in Europe jumped 25 basis points to 248 over five trading sessions. Michael Hartnett from Bank of America advises clients to keep buying the dips for now, describing this as a "dress rehearsal"... Read more
3 related articles
4d
Canberra Times
Global credit market flashes early warning alertRBC. The iTraxx Crossover index measuring bond risk in Europe jumped 25 basis p
Canberra Times / Posted 4 days ago
RBC. The iTraxx Crossover index measuring bond risk in Europe jumped 25 basis points to 248 over five trading sessions. Michael Hartnett from Bank of America advises clients to keep buying the dips for now, describing this as a "dress rehearsal"... Read more
3 related articles
4d
The Age
Global credit market flashes early warning alertjumped 25 basis points to 248 over five trading sessions. Get the latest news
The Age / Posted 4 days ago
jumped 25 basis points to 248 over five trading sessions. Get the latest news and updates emailed straight to your inbox. Michael Hartnett from Bank of America advises clients to keep buying the dips for now, describing this as a "dress rehearsal"... Read more
3 related articles
4d
Sydney Morning Herald
Global credit market flashes early warning alertjumped 25 basis points to 248 over five trading sessions. Get the latest news
Sydney Morning Herald / Posted 4 days ago
jumped 25 basis points to 248 over five trading sessions. Get the latest news and updates emailed straight to your inbox. Michael Hartnett from Bank of America advises clients to keep buying the dips for now, describing this as a "dress rehearsal"... Read more
3 related articles
6d
Zero Hedge
"The Leaders Are Crashing" - It's Not Just Junk Bonds That Have Given Upbank, tech "leadership"; sell-off sequence past few weeks = 1st EMD, 2nd HYG, 3
Zero Hedge / Posted 6 days ago
bank, tech "leadership"; sell-off sequence past few weeks = 1st EMD, 2nd HYG, 3rd SX7E, 4th BKX, and #5 SOX... As BofA's Michael Hartnett notes, watch EMD & HYG in particular...needs to stabilize... but the recent pullback also follows insane... Read more
13d
Zero Hedge
BofA: The Liquidity Supernova Is Ending, "This Is The Biggest Risk of All"it has so far been a "perfect encapsulation of 8-year QE-led bull market" accor
Zero Hedge / Posted 13 days ago
it has so far been a "perfect encapsulation of 8-year QE-led bull market" according to BofA's chief investment strategist Michael Hartnett, a "bull market" which has turned financial logic and fundamental economic relationships on their head, and... Read more
24d
Business Insider
The stock market just made historythere are few signs of recession in the US, and companies are reporting earning
Business Insider / Posted 24 days ago
there are few signs of recession in the US, and companies are reporting earnings growth. As Bank of America Merrill Lynch's Michael Hartnett recently put it, the "best reason to be bearish in Q4 is there is no reason to be bearish." "Almost... Read more
25d
Zero Hedge
After 16 Months Without a 5% Market Pullback, Goldman's Clients Want To Know Just One Thingmajor global central banks could lift long-term bond yields and spark a sharp v
Zero Hedge / Posted 25 days ago
major global central banks could lift long-term bond yields and spark a sharp valuation unwind." Or not, because as BofA's Michael Hartnett wrote on Friday, the absence of inflation, and especially wage growth, could be the catalyst that forces... Read more
27d
Zero Hedge
Bank Of America: "This Could Send The Nasdaq To 10,000"have to pop a bubble.” While Peters never names names in his pieces, the "stra
Zero Hedge / Posted 27 days ago
have to pop a bubble.” While Peters never names names in his pieces, the "strategist" in the weekend letter was BofA's Michael Hartnett, who several days after Peters penned the above, followed up with some thoughts of his own on precisely this... Read more
28d
Zero Hedge
Institutions Are Selling To Retail Investors At An Unprecedented PaceAccording to the latest EPFR fund flow data compiled by BofA's Michael Hartnett
Zero Hedge / Posted 28 days ago
According to the latest EPFR fund flow data compiled by BofA's Michael Hartnett, the great "institutional to equity" stockholding rotation is accelerating, with another $8.8bn allocated to equities, more than all of it from retail investors, and... Read more
28d
Business Insider
Wall Street banks are starting to sound the alarm on a stock market correctionvolatility are necessary to engender a major correction in equity and credit ma
Business Insider / Posted 28 days ago
volatility are necessary to engender a major correction in equity and credit markets," BAML chief investment strategist Michael Hartnett wrote in a client note. Indeed, trepidation around Fed has been highlighted as the top fear by many... Read more
29d
Zero Hedge
BofA Lists 10 Triggers For The Next Crash: "It's Coming Between Thanksgiving And Valentine's Day"Back in mid-July, BofA's chief investment strategist Michael Hartnett predicted
Zero Hedge / Posted 29 days ago
Back in mid-July, BofA's chief investment strategist Michael Hartnett predicted that the "most dangerous moment for market will come in 3 or 4 months." Well, we are now "between 3 and 4" months since that particular forecast was made, and the "most... Read more
29d
Zero Hedge
The S&P 500 Is Now Overvalued On 18 Of 20 MetricsWith the market now stuck in the "Icarus Rally" melt-up predicted earlier in th
Zero Hedge / Posted 29 days ago
With the market now stuck in the "Icarus Rally" melt-up predicted earlier in the year by BofA Michael Hartnett, in which EFTs, algos and desperate carbon-based hedge fund managers are all chasing performance, i.e. beta, in the last weeks of the year,... Read more
30d
Business Standard India
Cash levels of fund managers lowest since May 2015: Surveybut remain somewhat elevated. A faster drop in cash leading into 2018 would ind
Business Standard India / Posted 30 days ago
but remain somewhat elevated. A faster drop in cash leading into 2018 would indicate a sell signal from investors,” said Michael Hartnett, chief investment strategist, BofAML. A net 41 per cent of investors surveyed are expecting a stronger... Read more
1m
Zero Hedge
"Long Nasdaq" Takes Over From "Long Bitcoin" As Wall Street's Most Crowded TradeAs BofA notes, the high FMS cash since Q1’16 has coincided with an $18tn increa
Zero Hedge / Posted a month ago
As BofA notes, the high FMS cash since Q1’16 has coincided with an $18tn increase in global equity market cap, and here Michael Hartnett reminds us of the "Icarus intact", according to which a faster drop in cash to 4.2% by 2018 would mean a... Read more
m
Zero Hedge
Eric Peters: "This Is The Nightmare Scenario For The Next Fed Chair"by One River's Eric Peters shortly, we found the following section on inflation
Zero Hedge / Posted 1 months ago
by One River's Eric Peters shortly, we found the following section on inflation vs asset bubbles - a topic which BofA's Michael Hartnett has been focusing extensively on in the past year and which serves as the basis for the "Icarus Rally" -... Read more

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