Bank of America warn that a drop in US tech stocks could be the next “pain trade”

Bloomberg (gated) citing a note from analysts at Bank of America:

• the outperformance of value over growth stocks as market breadth improves could be the next “pain trade” for investors
• also warn of an outright drop in US equities and a widening in investment-grade bond spreads

Info comes via a Bloomberg report.

Late last week Goldman Sachs warned of the concentration of gains amongst the Magnificent Seven (really the Magnificent One … NVDA)

• Goldman Sachs data shows that hedge fund exposure to “Magnificent 7” rises to record high

This article was written by Eamonn Sheridan at www.forexlive.com.