Trader Peter Tuchman works on the floor of the New York Stock Exchange Monday, March 16, 2020. (AP Photo/Craig Ruttle)
According to a fund manager survey conduced by Bank of America, investors are “paranoid” that long US tech stocks is the “most crowded trade of all time,” citing 80% of survey respondents. Amid high tech concentration in popular stock market indexes like the Nasdaq 100 and the S&P 500, the second most popular response to tail-risks for the market is “tech bubble.” Still, a majority of investors say “It’s a bull market,” the survey said. Here are additional insights from the Bank of America September fund manager survey. Visit Business Insider’s homepage for more stories.
Bank of America’s September fund manager survey of