Michael Hartnett

The strategist correctly predicted the US stock slump last year, and has remained bearish in 2023 even as the S&P 500 rallied.

Bull market unlikely to end until macros make central banks tighten liquidity: BoAML

"We feel the bull market is unlikely to end until bullish macros make central banks tighten liquidity and we are not yet there," Hartnett says.

India beats China as most favoured emerging mkt: BofA-ML

Global investors may have reduced their exposure to emerging market equities but India still continues to be the most favoured country, says a report.

Bet on India, China: Bank of America Merrill Lynch

"We like China, India at current levels,” says Michael Hartnett, Bank of America Merrill Lynch.

GFM survey says 48% investors expect Fed rate hikes: BoAML

Long US dollar is among the most crowded trades while oil is the most undervalued since July 2012, says Michael Hartnett, Bank of America Merrill Lynch.

See sideways equity consolidation for few weeks: Nomura

Michael Kurtz, Nomura said US recovery stands on solid enough foundations to emerge healthy from its winter retreat. “But that assumption is substantially 'in the price' now, suggesting the possibility of a sideways equity consolidation for a few weeks,” he added.

Allocations in emerging markets lowest since 2008

The BofA Merrill Lynch Fund Manager Survey for June showed that about 9 percent of asset allocators were underweight emerging market equities - the first underweight reading since 2009 and down from a 3 percent overweight position in May.

Nomura replaces HCL Tech with Zee Entertainment

Michael Kurtz of Nomura says he is replacing HCL Tech with Zee Entertainment as the media industry is at an inflection point as digitisation becomes a reality and Zee is well placed to benefit.

ITC, TCS, ONGC to outperform: Ridham Desai

While historical performance is not a guide to future performance, the achievers of the past decade could continue to deliver results in coming days, says Ridham Desai, Morgan Stanley.

Expect fiscal policy action to continue, says Ridham Desai

Ridham Desai of Morgan Stanley expects fiscal policy action to continue because that is the best chance for the UPA to win the next elections.

Investor sentiment remains sternly optimistic in Feb: BoAML

Michael Hartnett of Bank of America Merrill Lynch feels investor sentiment remains sternly optimistic in February.

Expect Nifty to trade within 5,500-6,350 in H1: UBS

Suresh Mahadevan of UBS expects the Nifty to trade within 5,500-6,350 in H1. "The consumer sector is our biggest underweight, while banks our biggest overweight," he adds.

Expect market to deliver 12-15% returns in 2013: JP Morgan

JPMorgan's base case expectations are for Indian equities to deliver returns of 12-15 percent over the next year, driven primarily by earnings growth, says Bharat Iyer of JP Morgan.

Raised export sector allocations in model portfolio: Enam

Given the high valuations of the Indian market, Nandan Chakraborty of Enam said they have turned even more defensive and also raised export sector allocations in their model portfolio.

Fed decision on Wed will be more important: HSBC

Pablo Goldberg of HSBC believes the Fed decision on Wednesday will be more important in terms of base rate levels and the short-term outlook for the dollar

Asia-Pacific equity risk premium offers upside: Nomura

The Asia-Pacific equity risk premium offers substantial upside, says Michael Kurtz of Nomura.

Budget unlikely to change underlying economic momentum:Citi

Aditya Narain, Citigroup says that with no meaningful longer-term structural reform in the Budget and only modest attempts at fiscal reform and few handouts to businesses, it's unlikely to change the underlying economic momentum.

Expect further upside in equities: Morgan Stanley

Jonathan Garner of Morgan Stanley expects further upside given the degree of under-valuation versus base case economic and earnings outlook.

New year rally in risk assets to continue: BofA ML

In the short-term, Michael Hartnett of BofA ML expects the new year rally in risk assets to continue.

Expect modest upside to equities in 2012: BofA ML

A myriad of macro risks like the European debt, global growth and political changes, to name a few, have tempered the outlook for earnings growth and margin expansion, says Michael Hartnett of BofA ML.

India the most underweight amongst investors: BofA ML

Sluggish global policy and the absence of a clear resolution to the European crisis have kept investors risk-averse in December, says Michael Hartnett of BofA ML.

EM overweight allocation may lead to further fall: BofA ML

The EM Overweight allocation could lead to further selling pressure if macro and growth risks increase, says Michael Hartnett of BofA ML.

Underweight India on valuation, growth worries:Ridham Desai

If the EM effect is peaking as it appears right now, this augurs well for India's relative returns, says Ridham Desai of Morgan Stanley.

Risk-reward still appears unfavourable: BofA ML

Michael Hartnett of BofA ML remains cautious on global equities as the risk-reward still appears unfavourable.

Market may remain in narrow band: Macquarie

The market looks fairly priced at the moment, but the uncertain macro environment indicates that risks are to the downside.