A Year After Saying "Short Hyperscaler Bonds", Hartnett Now Says Buy Them

Last weekend, BofA CIO Michael Hartnett told us that he would stay tactically risk-off until mid-November, and he named the three things that would end the selling. The third one read: "AI capex cut or extreme equity issuance announcement (think Boeing 2024) causes peak in AI hyperscaler debt spreads."

Well, he didn't have to wait long.

"Diamonds In The Rough": Hartnett Buys What He Told Us To Short