Bank of America survey: Buying gold becomes the most crowded trade for the second consecutive month

Gelonghui, February 17th｜According to Bank of America's February global fund manager survey, 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" was the most crowded trade in February, slightly lower than the 51% recorded in January's survey. Meanwhile, 20% of fund managers indicated that buying the largest US tech stocks—Nvidia, Alphabet, Apple, Amazon, Microsoft, Meta, and Tesla—was the most crowded trade.