FYI: In the spirit of Mark Twain, the FANG stocks have roared back to life, definitively stating to the market that the reports of their demise have been greatly exaggerated. On an equal-weighted basis (chart below), an index of the four FANG stocks (Facebook, Amazon.com, Netflix, and Google-parent Alphabet) has now completely erased its 8% pullback from its 6/8 high and is now back at new highs. Over the last year alone, these four stocks are up an average of 45.7%. Whenever there is optimism that the Trump Administration will get something passed, high growth tech stocks start to lose momentum, but once it looks like more of the same old Washington gridlock, high growth stocks like FANG really run.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/fang-just-eats-up-washington-gridlock/
