Bank of America fund manager survey indicates that "Long US tech" is the most crowded trade ever
Probably not surprising too many people, the BoA survey shows that Long US tech is the most "crowded trade" of all-time in the history of the survey.
Fund managers nominate the tech 'bubble' as the number 2 tail risk (following a COVID-19 second wave).
The thing about this is it has been crowded for quite some time. Timing the drop is, of course, the hard part.