GOLD REMAINS MOST CROWDED TRADE, TECH SECOND: BOFA SURVEY According to Bank of America’s February global fund manager survey, 50% of managers say buying gold is the most crowded trade, slightly down from 51% in January. Meanwhile, 20% of managers view buying top U.S. tech stocks—Nvidia, Alphabet, Apple, Amazon, Microsoft, Meta and Tesla—as the second-most crowded trade.