BAML's Hartnett: Summer of Shocks Around The Corner; Long Robots, Short Humans

Watch out for a summer of shocks, says a Bank of America Merrill Lynch report written by Michael Hartnett, pointing to the trend of long robots and short humans in a world of growing income inequality. Hartnett: Summer of shocks, get long volatility It’s time to buy volatility, not sell it, Hartnett, BAML’s chief investment strategist, says in a May 4 report that warns of a summer of shocks. “Own volatility,” Hartnett and BAML investment strategist Brian Leung write. With the stock market looking toppy from several perspectives, and too many volatility triggers to count on one hand lurking, don’t add…