Holger Zschaepitz(@Schuldensuehner):BofA Fund Manager Survey in May shows the biggest one-month jump in equity allocation ever (net +13% OW → +50% OW). Cash drops to 3.9% – sell signal triggered. 73% call "long semis" the most crowded trade (up from 24% in April). Bull & Bear Indicator: 7.8 of 8.0. When everyone's in, who's left to buy?

Holger Zschaepitz

@Schuldensuehner

Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics:

加入 May 2009

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Holger Zschaepitz@Schuldensuehner

2026.05.19 08:15

BofA Fund Manager Survey in May shows the biggest one-month jump in equity allocation ever (net +13% OW → +50% OW). Cash drops to 3.9% – sell signal triggered. 73% call "long semis" the most crowded trade (up from 24% in April). Bull & Bear Indicator: 7.8 of 8.0. When everyone's in, who's left to buy?