Bank of America survey: "Going long on the Magnificent Seven" became the most crowded trade in November

BlockBeats news, on November 18, in the Bank of America's November Global Fund Manager Survey, 54% of respondents believed that buying the "Magnificent Seven"—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—is currently the most crowded trade. The bank stated that "going long on the Magnificent Seven" replaced "going long on gold" in November, becoming the most crowded trade. (Golden Ten Data)