Hartnett: Stocks Very Vulnerable April 2, Bonds/Gold Should Perform Best
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Housekeeping: Good afternoon.
Short report. Most of Hartnett’s work this week was in his monthly GFMS chart book, excerpts of which are included as well in a 2 for 1 post.
Report’s Main Ideas: Vulnerability
Title: Market not taking tariffs/trade war seriously, may change April 2,; wealth-effect on spending, fiscal excess as reasons for last 5 years. Market may be correct, but positioning is asymmetrically long i.e- Powell put
Key Moments:
* 2:46- Stock correlation problems
* 9:22- BIG Update/ Germany’s…
The skinny
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