Housekeeping: Good Morning
Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with analytical comments transcribed, 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy.
Hartnett’s Flow Show:
Overview/ Main Topics
Title refers to GOP sweep is bearish for stocks
No fiscal Gridlock as GOP odds of a sweep increase.
No Goldilocks= GOP sweep causes more spending risk leading to “disorderly” Gold and Rate rally which would mean end of Stock Bull
Demographics imply if we stop immigration it will be inflationary and we are moving in that direction
FCI tightening due to bond weakness… if continues, bearish for stocks
We are bullish bullion but disorderly move up in gold & bond yields on election would reverse [stock] bull
-Michael Hartnett
