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Buy Hang Seng, sell AI, says BofA's Hartnett
June 2, 2023 8:46 AM EDTBofA's Michael Hartnett said in his flow show note on Friday that the contrarian trade in June is to buy the Hang Seng and sell artificial intelligence (AI).
"Tech/stocks have discounted June Fed pause, leaves China stimulus as bullish June surprise...contrarian June trade is 'buy HSI, sell AI'...hedge with some beaten-up commodities, EM, resources, banks," the analyst... More
