美国关税暂停期即将结束，哪些交易将面临最大风险？

Core Viewpoint - The financial market is currently in a state of stagnation, awaiting the direction of global trade policies after July 9, which poses risks for concentrated asset classes if investors misjudge the situation [1] Group 1: Market Sentiment - Investors are particularly focused on the upcoming trade policy changes, with a significant emphasis on the potential impact of the U.S. tariff suspension period ending [1] - The current market sentiment is characterized by extreme consensus among investors, leading to heightened risks for certain trades [1] Group 2: Concentrated Trades - According to a monthly survey by Bank of America, the three most crowded trades as of June are: 1. Long positions in gold, with 41% of respondents identifying it as the most crowded trade 2. Long positions in the "Seven Giants" tech stocks, with 23% of respondents 3. Short positions in the U.S. dollar, with 20% of respondents [1] - If trade negotiations fail or policy direction reverses after July 9, these highly concentrated trades could experience significant volatility [1]