Hartnett on What Makes and Breaks Bubbles

Intro:

Authored by GoldFix ZH Edit

This line from the opening paragraph of ZH's breakdown of Hartnett's latest: "A Short History Of Bubbles". pretty much sums the latest Flow Show report by the BOA Chief strategist:

In his latest Flow Show note titled aptly enough "A short history of bubbles", Hartnett - perhaps after observing the recent move in names like ARM and SMCI - is no longer shy about calling the parabolic spade a spade and details not only a "short history of bubbles" but where the Magnificent 7 fits in.

For our part, this week’s Hartnett flow show is brief, tightly worded, and very informative with regards to if or if-not the Mag 7 bubble is ready to pop. His answer is implicitly given according to updated criteria. The meat of the analysis is a historical perspective going back to the good old days of  Mississippi and  listing characteristics almost all bubbles share. It functions nicely as a  checklist to keep close moving forward. (Video clocks in at  about 14:30 runtime)

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• GoldFix (this one too)

Timestamps:

• 0:00- Intro
• 1:05- Equity Breadth vs Credit spreads
• 3:40- Bubble History Commonality Preview
• 6:08- Hartnett's Bubble Checklist- What makes and breaks them

Continues here