For the past few weeks, BofA’s chief investment strategist Michael Hartnett had cautioned that as the market continued to melt up, the various proprietary trading sell signals he follows had almost – but not quite – been triggered. Not anymore.
In his latest Flow Show note (available to pro subscribers), Hartnett – who earlier this week published his monthly Fund Manager Survey (available here) which predictably found that three months after a bearish panic had engulfed Wall Street, there was now a record bullish reversal with a record increase in fund manager risk appetite ...
