Magnificent 7 is the most crowded trade, utilities most OW since 09’ - BofA’s FMS

seekingalpha07-17

The “long Magnificent 7” trade is the most crowded, the BofA Securities Global Fund Manager Survey for July said. According to the survey, 71% of investors think "Long Magnificent 7" -- Apple (AAPL), ...

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According to the survey, 71% of investors think \"Long Magnificent 7\" -- Apple (AAPL), ...</p>\n\n<a href=\"https://seekingalpha.com/news/4124689-magnificent-7-is-the-most-crowded-trade-utilities-most-ow-since-09-bofas-fms\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Magnificent 7 is the most crowded trade, utilities most OW since 09’ - BofA’s FMS</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMagnificent 7 is the most crowded trade, utilities most OW since 09’ - BofA’s FMS\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-17 00:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4124689-magnificent-7-is-the-most-crowded-trade-utilities-most-ow-since-09-bofas-fms><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The “long Magnificent 7” trade is the most crowded, the BofA Securities Global Fund Manager Survey for July said. According to the survey, 71% of investors think \"Long Magnificent 7\" -- Apple (AAPL), ...</p>\n\n<a href=\"https://seekingalpha.com/news/4124689-magnificent-7-is-the-most-crowded-trade-utilities-most-ow-since-09-bofas-fms\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XLRE","symbol_name":"Real Estate Select Sector SPDR Fund","start_time":0,"source_url":"https://seekingalpha.com/news/4124689-magnificent-7-is-the-most-crowded-trade-utilities-most-ow-since-09-bofas-fms","article_id":"2452630910","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2452630910","pubTimestamp":1721146784,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"The “long Magnificent 7” trade is the most crowded, the BofA Securities Global Fund Manager Survey for July said. 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According to the survey, 71% of investors think \"Long Magnificent 7\" -- Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN), Nvidia (NVDA), Meta (META), and Tesla (TSLA) -- is the most crowded trade. This is the biggest crowding survey answer since “Long U.S. Tech” in October 2020. In addition, this month is the 16th consecutive that “Long Magnificent 7” has been the most crowded trade. “Short Japanese yen” (YCS) got 12% of respondents saying it’s the most crowded trade, followed by “Short China equities” (YXI) (5%), “Short small-cap stocks” (SHPIX), (RWM) (5%), and “Long gold” (4%) (GLD). The survey also said that investors are overweight utilities (NYSEARCA:XLU) for the first time since February 2009, raising allocations by 20 percentage points month-over-month, the biggest monthly increase on record. Investors are most overweight health care (XLV), info tech (XLK), and telecommunications (IYZ). Lastly, investors are most underweight real estate (XLRE) since January 2009. They continue to reduce allocations to the sector down to net 29%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2452630910"}