Market Sell Signal Over — Hartnett Turns to Chip Prices
BofA's Michael Hartnett signals the recent sell signal has exhausted itself and shifts focus to semiconductor pricing as the next key market tell.
What we know
An account on X published Hartnett's latest note declaring 'The Sell Signal Is Over, Now Watch Chip Prices' (27.5k views, 40 likes). This aligns with crypto trading commentary from another account on X drawing comparisons to July's semis sector explosion. Another account on X also published a bullish data center piece ('How I Stopped Worrying and Learned to Love Data Centers') — 94 likes, 37.8k views — suggesting a broader rotation narrative forming around AI infrastructure.
How the story developed
BofA's Michael Hartnett signals the recent sell signal has exhausted itself and shifts focus to semiconductor pricing as the next key market tell.
The IMF warns an AI investment bust could cut global growth by up to 1.3 percentage points in 2028, while BofA's Hartnett flags a 3–4 week risk-off period citing real yields, inflation, and AI valuation concerns.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.