“The most crowded trade, for the seventh straight month, was in the FAANG and BAT stocks (Facebook, Amazon, Apple, Netflix, Google, and Baidu, Alibaba, Tencent); shorting US Treasuries was the third most crowded trade, offering further evidence of the widespread anticipation in the markets of a positive US growth narrative.”

FT Link: https://www.ft.com/content/a2cb3f98-9fa8-11e8-85da-eeb7a9ce36e4