What are the most-crowded trades right now

  • Mag 7 and the US dollar top the list

Eamonn highlighted this earlier in the week but here is some more detail on the latest Bank of America fund manager survey. Note that it's based on opinions of positioning not self-reported positioning but it's still a good barometer of how market participants are placed. Oftentimes trades flip once they get too crowded.

BofA survey
Who is the joker who wrote 'long international equities'?

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