Technology stocks are out of favor, while previously shunned bank shares are popular again, as a persistent jump in bond yields is turning markets upside down this year.
Overweight positions on bank stocks rose to 41% among BofA's clients, closing in on a record set in October 2017.
The stampede out of tech continued on Tuesday, with futures contracts on the $NASDAQ 100 Index(.NDX.US)$ falling as much as 2.1% while yields on U...