Hartnett: Markets Are Frontrunning 2026's "Run It Hot" Economy

Extending his recent theme of bond markets policing the market in "Some Like It Hot", BofA Chief Investment Strategist Michael Hartnett's latest Flow Show focuses on the discontinuities growing wider in the market (for better or worse) after he warned that the only thing that can stop a Santa Claus rally is a “dovish” Fed cut causing a sell-off in long-end... and that's what we got.

'Everything is awesome' is one half of the zeitgeist as Hartnett sees it: