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: Inflows to Humans (almost)
Overview:
Short and sweet as most of his efforts this week are in a second report called The Hitchhiker’s Guide to the Investment Universe which we will also share with premium later today. 1
Main Flow Show Points:
Signs of a soft landing start to tentatively grow- NFIB, and Active Mgt, and Dispersion, Yen Trade “unwind”
Re-emphasis on Why the Fed will cut: offset reduction in fiscal reductions, Lower the interest cost
Interest payment on debt set to rise….even if Fed cuts 200bps to $1.2tn (Chart 5)
-Michael Hartnett
