Page 14 - Flow Show News Today

A mildly positive start to the Friday session for European markets after Wall Street set fresh records, with the S&P 500 jumping to a new all-time high even as data showed US inflation surged in May. US CPI rose to 5% last month, whilst the core reading rose to +3.8%, the highest in 30 years. Core month-on-month […]

by Tyler Durden Friday, May 07, 2021 - 01:33 PM In his latest weekly Flow Show note, BofAs CIO Michael Hartnett looked at the historical record and correctly predicted that todays job print would be a "highly risk-on event" as the past 12 reports, 10 have seen the S&P jump on average 1% on day of release. Perhaps more importantly, Hartnett predicts that going forward, wages will be more important than payrolls in the coming months and  that Average Hourly Earnings monthly prints of more than 0...

Premium BofAs Doomsday Prediction: The Fed’s 2021 Policy Of "Rhetorical YCC" To Support Stocks "Ultimately Fails" by Tyler Durden Friday, Apr 30, 2021 - 08:00 PM Bank of Americas Chief Investment Strategist Michael Hartnett has long warned that the current, unprecedented experiment in monetary central planning will lead to a catastrophic bad ending, most recently two months ago when during the recent yield melt up he said that "The Fed Will Inevitably Move To YCC" As "Rates Are No Longer Anch...

On Friday President Biden informed Turkish President Recep Tayyip Erdogan in a phone call that the White House will formally recognize the Armenian genocide on Saturday. Biden is expected to for the first time specifically invoke the word "genocide" in the Saturday commemoration of Armenian Genocide Remembrance Day, which will make him the first ever US president to do so. Via AP This has been among the most controversial topics in modern Turkish society, and throughout past decade...

by Tyler Durden Friday, Apr 23, 2021 - 03:30 PM In his latest Flow Show report, Bank of Americas Chief Investment Strategist, Michael Hartnett has compiled 21 remarkable statistics for 2021, which we republish below. 1 billion: COVID-19 vaccines will be administered as of 24th April 2021 3 million: global deaths from COVID-19. 60 million: global deaths from all causes in 2019; global births 140 million. 14 million: US job gains since May’20, follows 22 million lost during COVID-19 pandemic. $...

Expand 76% Rise In Stocks Since The March Low Is The 3rd Largest Jump In 100 Years... What Happens Next by Tyler Durden Friday, Apr 16, 2021 - 03:20 PM For his weekly Flow Show report, BofAs Michael Hartnett picked a remarkable front cover chart, one showing that the 76% jump in US stocks from Mar’20 lows is now the 3rd largest YoY move in the past 100 years. Among the factors making this possible was the return of the record stock market mania, which in the last week manifested itself in an...

by Tyler Durden Friday, Apr 09, 2021 - 12:09 PM Of all the metrics we have seen in the past year trying to capture the sheer mania and frenzy of the retail rotation into stocks - a process also known as "distribution" because it allows legacy investors to offload to new bagholders - none is better than the following statistic from BofAs Michael Hartnett, who in his latest Flow Show notes "the big flow to know", namely that inflows to stocks past 5 months ($576bn) exceed inflows in prior 12 yea...

One Bank Turn Apocalyptic: "The Fed Will Inevitably Move To YCC" As "Rates Are No Longer Anchored" by Tyler Durden Saturday, Mar 06, 2021 - 07:58 AM Another week, another massive inflow into equity funds... just as the Nasdaq was about to get hammered with a painful 10% correction. According to BofA Chief Investment Strategist Michael Hartnetts latest Flow Show note, $22.2Bn in new money flowed into equities last week, following the previous weeks massive $46.2Bn inflow which was the 3rd bigges...

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