---
title: "Hartnett: Why Commodities Will Be The Biggest Trade Of The Next Five Years"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282428012.md"
description: "Bank of America CIO Michael Hartnett predicts that commodities will be the biggest trade over the next five years. He previously indicated that his Sell Signal, triggered in late December, has ended, and warned of potential policy panic with oil prices exceeding $100 per barrel and 30-year yields at 5%. Hartnett's analysis suggests he accurately identified both market peaks and troughs within a three-month timeframe."
datetime: "2026-04-12T00:27:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282428012.md)
  - [en](https://longbridge.com/en/news/282428012.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282428012.md)
---

# Hartnett: Why Commodities Will Be The Biggest Trade Of The Next Five Years

Two weeks ago, Bank of America CIO Michael Hartnett wrote that his proprietary Sell Signal, which had been triggered in late December, right around the time the S&P printed its all time highs, had just ended... and warned that "_with oil \>$100/bbl, 30Y yields at 5%, and the S&P plunging, policy panic begins."_ It now appears that he was right on both accounts, calling the top, and then 3 months later, also calling the bottom almost to the day.

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