BofA's Hartnett Sees Stocks Approaching Peak Irrationality

With Goldman Sachs reporting hedge funds are becoming increasingly bullish, bearish market opinion divergence can be seen across the fruited plain. George Soros, who initially bet against the Trump rally, increased his negative exposure, CNBC recently reported, while Bank of America Merrill Lynch’s Michael Hartnett is sniffing out irrational exuberance all around. He thinks the Tech Wreck II might be approaching as the old tech high has recently been surpassed, the question everyone is asking is how high can markets fly.

"Alexa, how high can markets fly?"

“Alexa, how high can markets fly?” Hartnett asked in a May 19 “Thundering Word” report titled “Occupy Silicon Valley.” Calling the exact top of a...