BofA's Hartnett: Stock Market in 'Late Innings'
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- BofA's Michael Hartnett told investors to be 'long humility and short hubris' ahead of the next stock-market crash, in a MarketWatch piece published June 2, 2026.
- The bull market that began in late 2022 has overcome every obstacle in its path so far, according to the article's framing, but Hartnett believes the cycle is in its 'late innings.'
- Since the start of the second quarter, skeptics have flagged a series of warning signs that are making Wall Street veterans increasingly uncomfortable, the article notes.
- Hartnett, a strategist at BofA Global Research, is among the Wall Street veterans arguing the market has reached the late stages of the cycle, framing the next downturn as a question of when, not if.
- The MarketWatch piece offers a post-bubble playbook for investors positioning their portfolios ahead of the eventual end of the current bull run.
Why it matters: Hartnett's call carries weight because BofA Global Research tracks fund flows and sentiment across institutional money, so a 'late innings' warning from him is the kind of signal that can move retail allocation decisions and prompt portfolio de-risking — and the article lands while the market sits near a multi-year high after three years of uninterrupted gains.
