Chip index’s climb is giving fund managers a fear of heights, Bank of America finds (opens original article in a new tab)

Fund managers are cautious about reducing exposure to the chip index despite inflation concerns, with some expecting to sell chips during the summer.

• Bank of America reports that fund managers are hesitant to reduce exposure to the chip index despite inflation warnings
• Michaels Hartnett anticipates some chips may be sold during the summer
• Kevin Warsh's direction of travel is mentioned as a potential concern