BofA FMS: AI bubble biggest tail risk for 45% of respondents

November 18, 2025
-FXnews

Investors say companies ‘overinvesting’ for the first time in 20 years
Long Mag 7 most crowded trade for 54% of respondents
Emerging markets and banks most vulnerable to proper Q4 risk-off move
Froth to correct further without Fed December rate cut
Bullish positioning a headwind not tailwind for risk assets
Very low 3.7% cash levels are ‘sell-signal’
Global investors are most overweight stocks since February 2025
Most overweight commodities since September 2022

These findings shouldn’t surprise anyone as they’ve been in the financial media for a couple of weeks now. The concerns of an AI bubble really picked in the last few weeks and that coincided with Powell turning a bit more hawkish by not guaranteeing a December cut

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