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"Markets Rebelling Against QT": Why Hartnett Expects New Lows First, Then A Hard-Landing

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by Tyler Durden
Sunday, Oct 09, 2022 - 03:22 PM

Last week BofA's stellar strategist and trader, Michael Hartnett, whose mid-August call to short the S&P at 4,328 after previously calling the meltup may well be one of the most accurate market-timing calls in history...

... said that the current market meltdown won't end until late October - call it Halloween - which incidentally is when the stock buybacks return, at which point there will be another powerful market meltup which pulls stocks sharply higher for a few months, before the final capitulatory flush that finally forces the Fed to panic and restart rate cuts and QE, ushering in the next bull market, albeit one with "more limited upside from risk assets"

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