Hartnett: Brace For June Event Risk, And CPI Print That Could Pop The Bubble

Last week, when BofA's Michael Hartnett advised his readers what to trade when the AI bubble bursts (which it may have started to do with Friday's sharp pullback in tech stocks), he laid out a near-term calendar which was full of "potential catalysts" to trigger the next move lower writing that June is "chockablock" with event risk, and that's even excluding the biggest event risk of them all, the liquidity-draining IPO of SpaceX which is set to break for trading next Friday. 

In his latest Flow Show (available here for pro subs), he picks up where he left off and reminding again that "booms and bubbles are ended by bonds" he warned that markets are facing a cascade of June events that could send 30-year bond yields in UK >6%, US >5%, Japan >4%, and are likely negative for risk assets given bullish Positioning & bullish Profit expectations, so he suggests to watch...