Weekly Part 1: Hartnett Declares Banks Broken
"No bull market Until Fed easing, No Big Fed Easing Until Big Recession"
Good Evening! We got a head start. Enjoy
Translating Hartnett:
Today we may have figured out how to read Michael Hartnett’s work more efficiently and clearly. Since ZeroHedge introduced us to his analysis he has been a little bit of a puzzle1. This week a structural pattern finally emerged.
Below, the report is broken down into what should be an easier to digest fashion.2 From there, if you subscribe to ZH premium, you can read their weekly deep dive (we do religiously) and get a lot more out of it.
Anyway… lets dig in