Chief Strategist: Markets Are About To Be Hit With Three Shocks

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by Tyler Durden
Friday, Nov 12, 2021 - 11:20 PM

One week after laying out his comprehensive strategy on how to trade the coming bursting of the biggest ever asset bubble in 2022, BofA's Michael Hartnett has returned to his roots in his latest Flow Show note published earlier today, in which he summarizes why the economy, and market, observed today are about to be hit with a trio of shocks which will transform everything in the coming months with no happy ending for investors.

But first, a snapshot of where we are currently, and - no surprise - we are still mostly on the post-covid autopilot, with Fed policy still QE (that said, the Fed's POMO underwent its first official taper when the NY Fed unveiled its markets desk would buy $10BN fewer bonds in the coming month), and funds rate at all-time low...