The Latest Breaking News from Michael Hartnett

Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla accounted for half of the S&P 500’s total gains last year, according to Morgan Stanley.

Despite interest rates on savings hovering around 5%, many Americans' rainy-day funds are drowning in subpar accounts.

Bears say the market can't keep rallying when only five mega-cap tech stocks are driving returns, but history suggests otherwise.

The Fed's goal of bringing down inflation without triggering a recession may have just gotten a lot harder.

That '70s Show In the wake of Friday's soaring CPI print and Bank of America strategist Michael Hartnett's latest note ("A Dire Outlook From Wall Street's Biggest Bear"), it's worth revisiting the '70s bear market analogue he sketched out last month, and how that has panned out so far. 

Stocks rallied at the end of a chaotic week in financial markets, with a little help from Federal Reserve Chair Jerome Powell’s reassurance that bigger rate hikes would be off the table for now even after the hot inflation readings of the past few days.

The 1970s Bear Market Analog  On Saturday, ZeroHedge reported that Wall Street's most accurate analyst, Bank of America's chief investment strategist Michael Hartnett, sees a strong parallel between our current market environment and the bear market that occurred during the 1970s: