Hartnett’s Flow Show Report:
Hartnett reminds us today of something Zoltan said recently about the 60-20-20-20 portfolio concept in Zoltan Pozsar's Trade Recommendations
We are right now, at the intersection of Pozsar Street and Hartnett Avenue as far as Bonds and Commodities are concerned.
Bottom line:
Nothing has changed. If financial conditions tighten, look out below. Thus far the pullback is “healthy”, but not if we get below 4200 in SPX. In first half, Bearish sentiment was tailwind for stocks. In second half, not so much.
Other video highlights and insights
These are the commodities to watch (chart)
Magnificent 7 performance hangs on MSFT now
Put buying is alarmingly high now
Sell the rip, don’t buy the dip if he’s right
Buy REITS, China stocks if int’l policy response to help China surfaces
If crypto and tech stocks turn up, could be end of rate hikes
Secular inflaitonary headwinds killing cyclical tailwinds in Bonds
China is a mess, and yet…
Sell the last rate hike still the play ( chart)
More slides below
