zerohedge hat ja an Hartnett seinen Narren gefressen, der sich aktuell äußert: https://www.zerohedge.com/markets/hartnett-fed-hiked-until-it-broke-regional-banks

Wie immer aus der Sicht der US-Anleger. Für diejenigen, die in drei-Monats-Perspektiven investieren. Aus Euro-Sicht kann Gold also besser abschneiden.

And so for those who follow Hartnett's advice and "Sell the Last Hike" the history of asset returns in 3 months after 10 "last hikes" of past 50 years show…

- Buy Treasuries: Treasury returns positive 9/10 times after last hike, avg 7% returns 3 months post-last Fed Hike in inflationary cycles…Hartnett agrees, long Treasuries;
- Buy credit: IG bond returns positive 9/10 times after last hike, avg 6% returns 3 months post-last Fed Hike in inflationary cycles…here the BofA strategist disagrees, as complacent credit will get hit by recession;
- Buy US dollar: US dollar stronger 7/10 times after last hike, avg 5% returns 3 months post-last Fed Hike in inflationary cycles…Hartnett agree again, and while he is a "big secular sellers of US dollars" a surprise rally in the US dollar here would make risk-off sense;
- Sell gold: gold returns negative 7/10 times after last hike, avg -13% returns 3 months post last Fed Hike in inflationary cycles: "love gold long-term but if dollar has risk-off, gold back below $2000" he explains.
- Sell stocks: stock returns negative 5/10 times after last hike, but 5/5 times in inflationary cycles, avg -5% returns 3 months post-last Fed hike…this is an inflationary cycle so Hartnett still thinks the break-out from the SPX 3800-4200k trading range is more likely to downside.