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Hartnett: Bears need to be patient

January 16, 2023 - 11:00 -- Admin

The excellent Michael Hartnett at BofA. Tale of the Tape:classic Jan reversals…’22 losers ofcrypto, USTs, China, credit, stockssmashing’22winners of cash, commodities, US$ YTD; S&P500 barometer“so goes January, so goes the year” correct 71% of time since 1929. The Big Picture:-0.1% CPI & 205k unemployment claims…don’t get more Goldilocks than that; consensus now 50bps hikes H1’23

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