Michael Hartnett

“secular contrarian [trade] would be adding bonds,”

Michael Hartnett · said date not stated · reported 2026-10-23

Hartnett noted in his weekly money-flow summary that the secular contrarian trade would be adding bonds, drawing a parallel to similar long-run negative returns for stocks and commodities that later proved to be good entry points.

“The Price is Right”

Michael Hartnett · said date not stated · reported 2026-10-23

Bank of America's Michael Hartnett declared the phrase in a client note about the battered Treasury market, which has seen its worst long-run return in 100 years.