Hartnett Ends Sell Signal as Policy Panic Kicks In

Source: zerohedge.com

Michael Hartnett, Bank of America's top strategist, is calling off his big "Big Over" sell recommendation on risky assets like stocks. He's pointing to a sudden pivot by US policymakers toward aggressive easing - think more money printing and ballooning deficits - which he dubs "policy panic." This matters because it could juice markets short-term but risks reigniting inflation and hammering bonds, forcing investors to rethink their bets.