Bear market not over

The short squeeze party is in full swing but don’t mistake that for a bull market, says the excellent Michael Hartnett at BofA:

The Biggest Picture: inflation shock H2’21…rates shock H1’22…recession shock H2’22; once labor market turns recessionary (claims are up) bonds outperform stocks (Chart 2).

There are 6000 words left in this subscriber-only article.

Get your first month for $1

Comments are hidden for Membership Subscribers only.