'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates

A trader works on the floor of the New York Stock Exchange (NYSE) a day after the market closed for over three hours yesterday due to a 'technical glitch' on July 9, 2015 in New York City. The market had a normal opening today with no reports of problems.

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• Bank of America's Michael Hartnett advises selling stocks at the first Federal Reserve rate cut.
• Hartnett's analysis of past rate-cutting cycles shows stocks fall during hard-landing cuts.
• Recession...