Michael Hartnett, the chief investment strategist at Bank of America, knows markets haven’t been listening. But he continues to say “sell the vaccine,” as he warns about bubble conditions not just in stock but other asset markets.
In his weekly “flow show” report, Hartnett outlined the “violent inflationary price action” over the last two months that has seen bitcoin
jump 180%, steel stocks
surge 61%, European banks
gain 48%, U.S. regional banks
rise 41%, small-cap value stocks jump 37%, and emerging-market material…