Bank of America reports the Magnificent 7 trade has been crowded for 15 months.

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US technology funds saw a $9 billion inflow last week, the largest weekly inflow ever recorded.

The previous record was posted in Q1 2023 and amounted to ~$8.5 billion.

According to Bank of American, Long Magnificent 7 has been the most crowded trade for 15 consecutive months.

As a result, the Magnificent 7 have exceeded $15 trillion market cap for the 1st time in history.

Currently, the Magnificent 6 account for a record 32% of the S&P 500.

Is the tech trade getting too crowded?

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