As we approach the end of the year, Wall Street strategist notes will get progressively shorter and more "exotic", as anything that could be said, forecast, analyzed and discussed, has already been beaten to death, and with the markets now in shut down mode for the rest of 2024, it takes special skills to engage with investors and bank clients, all of whom would rather be on a beach collecting rays rather than reading boring financial pdfs. Which may explain why the latest Flow Show note  from one of Wall Street's most engaging, BofA CIO Michael Hartnett is actually a Quiz Show.

But before we get to that, here is a quick snapshot of what Hartnett views are the most notable trends as we close out the year.

We start, of course, with central banks. In his latest weekly "tale of the tape", Hartnett notes that after two years of record tightening, central banks made a hard U-turn in 2024, and in just the past three months, there have been 62 rate cuts (the most since the covid crisis days of May 2020) bringing the total for the year to 146, with BofA forecasting at least another 124.