Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Bank of America Merrill Lync's survey of global fund mangers' indicates that Dollar remains on the most crowded trade of 2015.
Trade weighted US dollar index now stands 118.87, just shy of September 2003 high around 120.
- Almost 45% of the fund managers surveyed in August are considering Long USD as most crowded trade, up from 35% in July. This suggests that retail traders should exercise caution heading into September FOMC. Even if the trend remains in place, possibility of larger correction is clearly building up.
After recent pull back, about 15% investors consider Long US high yield bonds as most crowded trade, compared to 20% in July.
About 10% of the investors are considering Long US tech stocks as most crowded trade, suggesting caution in picking up the stocks.
