Housekeeping: Good afternoon. Hartnett’s Weekly report is presented 3 ways: 1) Video walk-through with commentary 2) Hartnett’s main points broken out below, 3) and original format at bottom. Enjoy.
Key time Stamps:
0:00- Intro
11:02- Gold in context of Hartnett’s “Twin peaks” concept
26:20- Ten Themes for the Next 5 Years
38:40- Cash might go into gold this time
43:28- How to Get Americans to Buy Bonds Again
Footnote: Important Reality check reThe BOA bond proposal1
Hartnett: Stocks make the world go round
Scores on the Doors: crypto 8.7%, gold 4.8%, commodities 4.5%, stocks 3.7%, oil 3.3%, HY bonds 0.9%, cash 0.3%, IG bonds 0.0%, govt bonds -0.2%, US$ -0.4% YTD.
The Biggest Picture: stocks make the world go round…BofA private client data maps perfectly into Fed’s quarterly estimate for US household equity net worth ($55.7tn in 3Q24)…reveals US equity wealth up $1.6tn in 4Q24, set to gain $1.9tn in 1Q25 (Chart 2).
