Tech Giants Emerge as Most Crowded Trade Choice in November

A new survey by Bank of America reveals that investors are increasingly flocking to a strategy focused on tech giants. 54% of fund managers surveyed by the bank identified investing in Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla as the most crowded trade this November. This marks a shift from traditional investment preferences, with tech stocks surpassing even gold investments for top spot in the crowded trade ranking.