Hartnett: AI = Universal Basic Income = Fed Yield Curve Control To Fund Bigger Deficits

Over the past two months, the more the market melted up, the more bearish BofA chief investment strategist Michael Hartnett turned (or maybe it's the other way round), on not only a long-term but also medium and short-term basis as the following sequence of posts reveals:

• Hartnett, March 10: "Bad Crashy Vibes" Lead To "Credit Event"
• Hartnett, March 18: "Stock Lows To Be Tested One Last Time In Coming Months"
• Hartnett, March 25: "Commercial Real Estate Is The Next Shoe To Drop"
• Hartnett, April 1: "If SVB Was Bear Stearns, We're Going To New Lows... If LTCM Then Off To New Highs"
• Hartnett, April 5: "Dirty Dozen" Of Doom: 12 Charts For The Coming Recession
• Hartnett, April 8: "The Rally From 3,800 To 4,200 Has Likely Run Its Course... Sell The Last Rate Hike"
• Hartnett, April 15: "This Is Everyone's New Favorite Theme": Hartnett Says Dollar Has Begun Its 4th Bear Market Of The Past 50 Years
• Hartnett, April 22: "Central Banks Are Giving Up On Rate Hikes, "Locking In" Structurally Higher Inflation"
• Hartnett, April 28: "We Stay Bearish"
• Hartnett, May 5: "The Fed Hiked Until It Broke The Regional Banks"

... before it all culminated last weekend with an elephant dose of cynicism in "If The Debt Ceiling Kabuki Ends In Market Panic, Then Fed Does QE", in which Hartnett's "zeitgeist" quote was an post-modern nihilist spin on War Games with what may arguably be the best advice for traders today: "The best macro trade right now is no macro trade."