PremiumDEM Fatale: Hartnett Says Blue Wave Marked "Peak AI" As Every Wall Street Bull Conviction Dies But One
It's fair to say this was not Michael Hartnett's finest week.
Last Sunday, BofA's Chief Investment Strategist told us that, a year after saying "short hyperscaler bonds," it was time to buy them, specifically the tech bond "diamonds in the rough" yielding 6-8% after Meta's $95 billion equity raise signaled "new respect for credit investors." CoreWeave's 2031s, at a junk-ish 14.26%, made his list.
