Bank of America’s Hartnett sees credit and crypto as ‘next dominoes to fall’ on tighter Fed policy – CNBC

Bank of America’s Hartnett sees credit and crypto as ‘next dominoes to fall’ on tighter Fed policy – CNBC

A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec. 2, 2020.

Liu Jie | Xinhua News Agency | Getty Images

Tighter Federal Reserve policy than the market expects looks to have immediate ramifications for bonds and cryptocurrencies before spreading to stocks, according to Bank of America Chief Investment Strategist Michael Hartnett.