Tech Wreck Pukes $350 Billion In 3 Days As FANGover Bites



Considering that Mark Zuckerberg pulled the curtain back again on the unsightly actuality of issues, the S&P 500’s tech sector has lost more than $350 billion in sector cap…

Of that, over 60% of the loss in capitalization is thanks to the four FANG horsemen on the apocalypse…

Nasdaq has damaged down below its key 50-working day relocating-common assist…

“Sentiment is turning bitter in FANG, primarily after earnings,”Michael Antonelli, an institutional equity profits trader and handling director at Robert W. Baird & Co, said in an email.

“They are dragging the Nasdaq 100 down by its feet.”

Or to place it a further way – there’s tech, and then there’s almost everything else…

And if tech is dropping its faithful followers then that lowly yellow line in BofA’s chart higher than does not maintain considerably hope for supporting the world’s fairness marketplaces – specially as central financial institution harmony sheets start off to agreement.



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Tech Wreck Pukes $350 Billion In 3 Days As FANGover Bites

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