BoA Survey: 'Long FAAMG+T' Trade Becomes Most Crowded in November

BlockBeats News, November 18th, in Bank of America’s November Global Fund Manager Survey, 54% of respondents believed that buying the “Seven Tech Superpowers” — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — was the most crowded trade at the moment. The bank stated that “longing the Seven Tech Superpowers” in November replaced “longing gold” as the most crowded trade. (FX678)