What are the crowded trades

<p>Some results of the latest Bank of America fund manager survey:: </p><ul><li>74% see "soft or no landing"</li><li>75% say "short-term rates to fall" </li><li>0% expect stronger China growth in the next 12 months</li><li> Japan at biggest overweight since Dec'18)</li><li>55% say US tech is the most crowded trade</li><li>First overweight in US equities since Aug 2022</li><li>60% think the Fed is done hiking, up from 47% in August</li><li>33% see Chinese real estate as the source of a systemic credit event</li></ul><p>Charts:</p><p>Chart 2:</p><p>There's still a long way to go to get to frothy.</p>

This article was written by Adam Button at www.forexlive.com.