'Long emerging markets' most crowded trade for first time - BofAML

The survey of 218 participants with $625bn of assets under management ran between 1-7 February and found 18% of respondents said long EM was the most crowded trade. This marks a major turnaround from last month's survey when short emerging markets was cited as the third most crowded trade in the market. Long US dollar was the second most crowded trade this month according to 17% of respondents while 14% refered to long FAANG+BAT, the lowest level on record. James Klempster: Better in than out A full-blown trade war between the US and China was named as the biggest tail risk for ...