Long US tech most "crowded trade" of all-time (80%) in BofA Fund Manager Survey; "tech bubble" now 2 FMS tail risk after COVID-19 "second wave." 23 of 82 "most crowded trades" were "peak" crowded trades (i.e. long IG in Oct'16, long tech in Feb & Jul'20, short vol in Jan'18). #CoronavirusOutbreak# #EconomicCalendar#
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