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BofA's Hartnett stays risk-off until mid-November

Original: BofA’s Hartnett (Flow Show) says “we stay tactically risk-off until mid-Nov,” expecting a “down-in-yields, down-in-stock

Bank of America strategist Michael Hartnett, in his Flow Show note, says the bank remains tactically risk-off until mid-November, expecting a trade of lower yields, lower stocks and a weaker US dollar. He forecasts the 30-year Treasury yield moving toward 5% and the Dollar Index falling below 100. He also suggests what could end the call, citing a Democratic midterm result among possible catalysts.

Why now: Investors are weighing BofA's cautious market outlook ahead of the US midterms and amid bond and dollar moves.

Michael HartnettBank of AmericaUS TreasuryUS dollarDollar Index

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• BofA’s Hartnett (Flow Show) says “we stay tactically risk-off until mid-Nov,” expecting a “down-in-yields, down-in-stocks, down-in US dollar” trade. He sees the 30-year Treasury yield heading toward 5% and the Dollar Index dipping below 100. What ends it: -A Democratic midterm · neilsethinew · 117

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