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'Stocks In Monopolistic Bull Market': Wall Street Analyst Contemplates A Bright Future For Next Phase
Friday, September 22, 2023 - 10:46am | 879This 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...
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'Magnificent 7' Tech Bubble To Burst With 'Higher-For-Longer' Rates, Top Wall Street Analyst Warns
Friday, August 25, 2023 - 9:44am | 719As 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...
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Top Wall Street Analyst Sounds Alarm: Major Market Collapse Could Follow AI-Driven Rally, Echoing 2000 And 2008
Friday, June 16, 2023 - 9:14am | 840In 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...
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Analyst Labels AI As 'Infant Bubble,' Warns Federal Action Could Burst It: 3 Investor Lessons From Dot-Com Collapse
Friday, May 19, 2023 - 9:40am | 672Bank 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...
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BofA Strategist Says Central Banks Are Locked In High Inflation, Predicts Drop In Stock Earnings
Friday, April 21, 2023 - 3:21pm | 513A 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...