Quick Read – Hartnett warns just 21 S&P 500 stocks are hitting new all-time highs, a concentration pattern identical to the dot-com bubble peak of March 2000. – Bank of America rates GTY and EIX as Buys, offering 5.87% and 4.88% dividends in sectors Hartnett sees as undervalued…
tation targets. – Hartnett flags 30-year Treasury yields breaking above 5% as the critical threshold that could end the bull market and tip the economy into trouble. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and American Healthcare REIT didn’t make the cut. Grab the names FREE today
Bank of America’s (NYSE: BAC) Chief Investment Strategist Michael Hartnett adopted a cautious yet opportunistic stance in his latest Flow Show, warning that investors are approaching a pivotal juncture. He highlighted rising bond yields, elevated technology valuations, and evolving global capital flows as forces likely to trigger a rotation in market leadership. Despite the AI-fueled surge that has lifted major U.S. indexes to record highs, Hartnett sees attractive opportunities shifting toward previously neglected segments—including international equities, bonds, financials, and other value-oriented areas.
At the core of his outlook: the trajectory of long-term Treasury yields will be the decisive variable. Their direction, he argues, will ultimately determine whether the current bull market broadens sustainably or risks a sharp correction. The bottom line: if yields on the 30-year bond move and stay above 5%, the economy could be in trouble.