Bank of America is out with its latest survey for fund managers and it shows a few worrisome spots. Here are some highlights:1) It was the most-bullish fund manager survey in 2 years according to BofAThe purpose of the survey is to illuminate popular but also overcrowded trades. This one speaks for itself and it comes after a sensational 3-month rally for risk assets. Cash levels are down to 4.2% from 4.8% and everyone is in tech.2) For the first time since April 2022, investors are not predicting a recessionThis is one of those things that looks like a red flag but I don't really think it is. I would be much more worried if it showed predictions of a sizzling economy. To me, this is more of
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