Hartnett: "The End Of The Bear Market Will Coincide With A Credit Event"

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by Tyler Durden
Friday, Mar 03, 2023 - 10:20 PM

We can almost feel the mental exhaustion in Michael Hartnett's weekly flow show, but despite providing some of the most original and outside--the-box reading week after week, the BofA Chief Investment Strategist has once again managed to deliver at a time when so many of his peers are just regurgitating daily talking points, even if his recent prediction of the S&P "swooning to 3,800 by March 8" has so far been short by 125 points (granted it was made when the S&P was at 4100 so he has been more right than wrong), and unless next week we see a big dump in the first three days, it may be a rare miss for Hartnett who unlike his Wall Street peers, gives both a target and a timeframe for his predictions.

So what does last year's most accurate analyst focus on this week (his full note as usual available to pro subs). Let's start with "the tale of tape" which begins in Asia, where China's latest PMI greatly outperformed the US ISM...