Hartnett: "Higher For Longer" Cracked On March 13, Forcing The Fed And BOJ To Step In

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by Tyler Durden
Monday, May 06, 2024 - 09:03 AM

Something snapped in the second week of March, or specifically March 13th - the day that Bitcoin peaked at a fresh all time high of $73,157.

As this remarkable chart from the latest Flow Show note (available to pro subscribers) by BofA CIO Michael Hartnett shows, March 13 is the data when the market flipped from pricing in more cuts to less cuts than Fed "dot plot"...