Hartnett: If The Mag 7s Drop Any More, It Will Be A "Risk-Off" Summer ^77.1%

ZeroHedge - By Tyler Durden - 6/28/2026, 7:46 AM

Availability Heuristic 83.3% - Framing Effect 83.3% - Negativity Bias 83.3%

“How far do hyperscalers need to fall for market to start trading capex cuts?” That's the key "zeitgeist" quote from the latest Flow Show by BofA's Michael Harnett, and it captures not only a recurring question that Hartnett has been posing for much of the past month, but also reflect the dramatic divergence between hyperscalers... more