After several consecutive weeks of commentary on the current tech bubble, and what to expect from the market and the economy, when the Fed has essentially capitulated on its 2% inflation target (see "From Goldilocks To Goldishocks" As Fed Quietly Raises Inflation Target Above 2%; "This Ferocious Move Has Happened Just 10 Times Since 1930 And It Means One Of Two Things", etc), in his latest Flow Show, the BofA Chief Investment Strategist takes a detour from market commentary, and instead looks at "eight maps depicting political, geopolitical, technological trends shaping today’s investment zeitgeist."
But before we look at these in closer details, here are three of Hartnett's weekly staples, starting with Tale of the Tape...
Fed desperate to cut rates, ECB/BoE need to cut rates, SNB cutting rates, PBoC also cutting rates, only BoJ raising rates (by a minimal 10bps); 55 global central bank rate cuts over the past 6 months (Chart 3); the DNA of today’s “everything bull.”
