Michael Hartnett: Market sentiment is overheating, suggesting a summer shift from risk assets to defensive assets

According to early release In A, the Bank’s chief investment strategist, Michael Hartnett, stated that the Bank’s targets had risen to an extreme level of 9.6, and that investor optimism was based on a modest economic landing, a non-interest rate for the Federal Reserve, an unmitigated AI capital expenditure and the Democratic Party’s failure to sweep Congress’s four assumptions. The United States equities received a net inflow of $55.8 billion, the money market fund recorded a net outflow of $119.6 billion and the science and technology block received a three-week inflow of $48.8 billion. Hartnett proposes to evacuate the risk assets during the summer and shift to long-term national debt, defensive blocks, high dividends and United States dollars. He pointed out that if oil prices fell by $65, the cyclical block would be drawn down, and a breakthrough of $70 would constitute an entry signal. The biggest tail risk lies in the fact that the megatech companies cut AI capital spending and failed to drive the MAG7 innovation。