Hartnett: We Just Had The First Major Credit Event Of The Energy Crisis Era

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by Tyler Durden
Friday, Sep 09, 2022 - 10:00 PM

After his legendary call on August 17, when he top-ticked the bear market rally to within half a point, urging clients to short at 4,328 - the market has fallen ever since...

... BofA CIO Michael Hartnett had several notable reports out, including his prediction what the trade of 2023 will be, as well as what the "next shoe to drop will be" which may have led to some burnout, which is apparent in his latest note "Malice In Wonderland" which is light on analytical content (available to pro subs in the usual place) but heavy on key observations and "biggest pictures", like calling the "end of an era" for UK gilt yields since 1952 - the duration of Queen Elizabeth II's reign - as a "new secular bear market in bonds well underway."