BofA’s Hartnett Warns Markets Are Starting to Look Like 2008

NodeGuardian · 2026-03-14T00:13:23+00:00

Bank of America strategist Michael Hartnett cautions that soaring oil prices and private credit issues echo pre-2008 financial crisis signals, highlighting a 60% oil price surge linked to the Iran war and rising credit market instability.

NodeGuardian

2026-03-14 00:13:23

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Bank of America strategist Michael Hartnett warns that current market conditions, driven by spiking oil prices and private credit concerns, are reminiscent of the period before the 2008 global financial crisis. He draws parallels between the significant rise in oil prices and early credit market instability then and the recent 60% surge in oil due to the Iran war alongside growing private credit pressures now.

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