#1 | Out with the old, in with the new
In the case of Bank of America’s May 2023 Fund Manager Survey, it’s out with commodities and in with tech stocks.
Today, a mere 2% of funds are ‘overweight’ commodities, the smallest percentage since May 2020 - representing a 13-point drop over the past 3 months.
#2 | Twins
I wasn’t kidding when I said Dec 2023 is skipping down the same path as that of of Dec 2013 corn.
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