United States dollar and silver survey: a large number of global equities should consider the appropriate reduction to make most of the conductor's most crowded trade

On 14 July, the latest United States Bank fund manager survey showed that global investors who had recently acquired stocks on a large scale should consider reducing their holdings as appropriate. The United States bank strategist stated that the optimism of asset configurors had risen to a very high level, which was usually seen as a warning signal to the market. The survey showed that the cash holding ratio had fallen from 4.1 per cent of assets in the previous month to 3.6 per cent of the "very low level" and that the United States share had risen to a peak of 24 per cent since December 2024. In his report, the team, headed by Michael Harnett, wrote that “the U.S. Bank's ox and bear indicator rises to a very high level of 9.4, meaning that investors should lower the allocation of stocks and high-Beta assets”. The values for this indicator range from 1 to 10. According to the report, "the space for further increases in risk assets this summer may be limited by the already optimistic position of the market. * I'm sorry *