BofA Survey: Artificial Intelligence Boom Market Expected to Continue, FOMO Psychology Continues to Drive
June 16. Bank of America’s latest survey suggests the upward trend in AI stocks is poised to continue, fueled largely by investor FOMO (fear of missing out).
In the bank’s monthly poll, roughly 56% of fund managers described the current AI cycle as “prosperity”—a term that typically signals a strengthening market uptrend drawing in more investors anxious not to miss the wave. Only 21% of respondents pegged the sector as being in “mania” (where stock prices are pushed to extreme heights), while 9% labeled it the “profit-taking” stage.
The survey, which covered investors overseeing a combined $465 billion in assets, was conducted between June 5 and June 11—just ahead of SpaceX’s IPO. Still, it uncovered growing tech sector jitters: four-fifths of respondents cited buying and holding global semiconductor stocks as the most crowded trade currently, marking the highest level of this metric in the survey’s history.
Overall, investors trimmed their overweight stake in the tech sector
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Polymarket's 24-hour Revenue Skyrockets to $1.26 million, Propelling It to Sixth Place on the Cryptocurrency Revenue Leaderboard
June 16: Data from Defillama shows Polymarket’s 24-hour revenue has surged to $1.26 million, temporarily putting it in sixth place on the cryptocurrency revenue leaderboard. The spike is likely linked to the World Cup kicking off on June 11, with Polymarket’s 24-hour average revenue jumping significantly from roughly $600,000 just one week ago.
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Bitget has distributed cash dividends to Google position users
June 16 – Per an official announcement, Alphabet Inc. (GOOGL) has previously declared a cash dividend distribution. Bitget has disbursed the corresponding dividend to eligible users based on the snapshot of users’ rGOOGL holdings taken at that time.
The holding snapshot was captured at 8:00 a.m. EDT on June 7 (equivalent to 8:00 a.m. Beijing Time on June 8). All users who held rGOOGL in their accounts as of the snapshot time will receive the dividend automatically—no additional action is required on their part. The dividend rate is $0.22 per share, and all payouts have been issued to users in USDT.
In compliance with U.S. tax regulations, the securities custodian will withhold a 30% federal tax on dividend income from this distribution. For more details, please refer to Bitget’s official platform.
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Reuters: U.S. Military Secretly Transported Gulf Oil Following Iran's Model
June 16 — A new Reuters report says the U.S. military has been overseeing dozens of covert ship-to-ship oil transfer operations in the Gulf region to keep energy exports flowing. The missions use aerial drones, surface unmanned vessels, and helicopters to guide a fleet of craft to waiting oil tankers.
Carried out on the edge of the Strait of Hormuz, the operations rely on a transfer tactic Iran has long used to evade international sanctions, per sources familiar with the effort. Those sources confirmed two specific transfer sites: one off the coast of the UAE’s Fujairah, and another outside Oman’s Sohar port.
Shipping data and satellite imagery show the operations launched in early May, with at least 92 vessels taking part in the transfers. As of June 11, satellite images showed 17 pairs of vessels conducting crude oil transfers at those two locations simultaneously. Four sources — including a former U.S. official — revealed that the Apache helicopter shot down by Iran on June 9 (whi
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BlackRock: Bank of Japan to Proceed Cautiously on Further Rate Hikes
June 16: Ben Powell of BlackRock’s Investment Institute (the firm’s official think tank) noted that the Bank of Japan is likely to proceed cautiously with any further interest rate increases, after the central bank lifted rates to their highest level since 1995.
At home, solid wage growth, persistent core inflation, and deeply negative real interest rates have all supported the case for tightening monetary policy.
Overseas, hopes that tensions in the Middle East will cool have eased the threat of an ongoing energy crisis, which should help curb inflation driven by imported goods and fuels.
That said, there’s still a risk Japan’s inflation rate could stay above the Bank of Japan’s 2% target. The institute maintains an underweight position in Japanese government bonds, citing upcoming rate hikes, rising global term premiums, and large-scale bond issuances as factors that will continue pushing yields higher. Over a six to 12-month horizon, the institute holds a neutral view on Ja
6 minutes ago
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