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Bank of America Survey: Seven Major Tech Stocks Become the Most Crowded Trades as Global Investor Optimism Rises
[Chain News] On August 11, news reported that the Bank of America’s August fund manager survey shows that investors are once again flooding into the stock market due to optimistic earnings performance and improved economic sentiment. "go long on the seven major tech giants" has become the most crowded trade, which includes large tech stocks like Nvidia and Microsoft. The survey covered 169 fund managers managing assets of $413 billion, and 45% of respondents believe this trade is the hottest.
Global investor sentiment has reached a new high since February 2025, with only 5% of institutions betting on the possibility of a hard landing for the economy. The net increase in stock allocation has risen to 14%, the highest this year, but still below last December's 49%. Additionally, 78% of respondents expect short-term interest rates to decline over the next 12 months, with trade wars and inflation regarded as major tail risks.