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‘The bond bubble has popped’: BofA investment strategist

News Snapshot:

Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow BofA Investment strategist Michael Hartnett’s weekly Flow Show report is scattered, blunt and interesting as usual (my emphasis) , “Zeitgeist: “what could be more 2023 than a 5% US GDP print being greeted by most recessionary daily tape since [Silicon Valley Bank].“ Tale of the Tape: 66% is market probability last Fed rate hike was July 26th; since July 26th: oil 6%, US$ 5%, S&P -9%, Nasdaq -11%, UST 30-year -16% … Bond bubble has popped; post-bubble price action sideways, in big, fat trading range…

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