Too Rich To Save, Too Backstopped To Short: Hartnett Stays Risk-Off As King Dollar Becomes A "Wrecking Ball"

Mid-November was supposed to be the finish line.

Three weeks ago, BofA's Michael Hartnett told us he would stay tactically risk-off until mid-November. Last Sunday, in "DEM Fatale", he even penciled in a start date for what he said would be a year-end rally: Thanksgiving. There was one condition. November's payrolls and CPI had to come in weak enough to make December's rate hikes the last ones.