Hartnett: Why Commodities Will Be The Biggest Trade Of The Next Five Years

Two weeks ago, Bank of America CIO Michael Hartnett wrote that his proprietary Sell Signal, which had been triggered in late December,  right around the time the S&P printed its all time highs, had just ended... and warned that "with oil >$100/bbl, 30Y yields at 5%, and the S&P plunging, policy panic begins." It now appears that he was right on both accounts, calling the top, and then 3 months later, also calling the bottom almost to the day.