Hartnett: The Five Tells To Go Short This Bubble Market

One week after Michael Hartnett predicted that a US-China deal may mark the end of the rally - with a soft deal following almost immediately just a day after he published his Flow Show note - the jury is out: after some initial strength, stocks have slid and have since surrendered almost all gains. So we'll keep an eye on the market's trajectory this week to see if the BofA strategist has one again top-ticker the market.

But one thing we are certain about, is Harnett's growing pessimism about AI in general, and the fact that AI bonds are the next bubble, in particular... and that the time to short them is almost here, because just one day after we showed the increasing blowout in ORCL bonds...

ORCL CDS +5 pic.twitter.com/lM9RPhkYw8

— zerohedge (@zerohedge) October 31, 2025