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)
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
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