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Bank of America Survey: "Go Long on the Seven Giants" Becomes the Most Crowded Trade in November

On November 18, in the Bank of America's November Global Fund Manager Survey, 54% of respondents believe that buying the “seven giants”—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—is currently the most crowded trade. The bank stated that “go long on the seven giants” has replaced “go long on gold” in November, becoming the most crowded trade. ( Jin10 )

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