The aging bull market has grown much more difficult to handicap now that the FAANG stocks have lost their cool. Two of them, NFLX and FB, got slammed last week on news suggesting that subscriber growth was weakening. Then, on Friday, AMZN reversed a rally sharply, unable to hold gains following an upbeat earnings report the day before. What’s a portfolio manager to do when he or she can no longer throw money at a bare handful of stocks in order to make outrageous returns? We may be about to find out, since betting everything on the FAANGs and letting it ride no longer seems to be a sure thing.
FAANG Stocks Finally Lose Their Cool
- July 30, 2018, 12:48 am
Yes, the FANG stocks are getting a little long in the tooth!
And on the Currency War front, it seems the Death of the Dollar has been greatly exaggerated!
Specifically, Venezuela and Iran can’t get enough of those Dollars!
And Gold and Silver are looking kind of weak also.
Finally, a 120 acre vacant hill top lot in 90210 is being offered at a cool one billion of those Dollars.
The property has 360 degrees of great views for sure, but it reminds me of the Khe Sahn firebase for some for some reason!
https://tinyurl.com/ydcxt7uo