- Entry
- $758.33
- Now
- $767.00 +1.1%
- Target
- —
- Score
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BofA's Michael Hartnett is out today calling the Fed "nakedly dovish" and telling clients to rotate away from risk assets. I was curious if that call has actually worked, so I went back and pulled his Flow Show notes from FactSet / BofA archives. Last 3 times Hartnett used almost identical language: 1. Dec 2023: "Fed is dovish, time to sell risk into strength" - S&P +22% in next 12 months 2. July 2020: "Fed nakedly dovish, bubble coming, fade …
— ORIGINAL POST ·
Read the last 3 times BofA called the Fed “dovish” and said sell risk. So I backtested it.
· r/investing
· Aug 2, 2026