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Callum Thomas observes that investor allocations to bonds have dropped to their lowest levels since just before the Global Financial Crisis and the peak of the dot com era.
Thomas points out the similarity in bond allocation trends ahead of major market downturns, raising concerns about current positioning.
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Thomas has recently highlighted increased S&P 500 volatility and flagged credit market risks, especially in the tech sector, in a prior report. He also publishes a weekly S&P 500 chart summary and curates key sources for market insights, according to a recent article. His ongoing commentary tracks shifts in investor sentiment and allocation across asset classes.