Gelonghui February 17 | The February Global Fund Manager Survey by Bank of America shows that buying gold has become the most crowded trade for the second consecutive month. In the survey, 50% of fund managers said that “going long on gold” is the most crowded trade, down from 51% in January. Meanwhile, 20% of fund managers indicated that purchasing the largest U.S. technology stocks—Nvidia, Alphabet, Apple, Amazon, Microsoft, Meta, and Tesla—is the most crowded trade.
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Bank of America Survey: Buying Gold Continues to Be the Most Crowded Trade for the Second Consecutive Month
Gelonghui February 17 | The February Global Fund Manager Survey by Bank of America shows that buying gold has become the most crowded trade for the second consecutive month. In the survey, 50% of fund managers said that “going long on gold” is the most crowded trade, down from 51% in January. Meanwhile, 20% of fund managers indicated that purchasing the largest U.S. technology stocks—Nvidia, Alphabet, Apple, Amazon, Microsoft, Meta, and Tesla—is the most crowded trade.