The moment of truth for FAANNG stocks
FAANNG stocks or Facebook, Apple, Amazon, Netflix, Nvidia and Google have been out performing the market for a good while. They’ve also been a on the radar of practically every perma bear in the market. Hard to know if they have shorted it before, but they were calling the top for a very long time. Unsuccessfully.
There are two dimensions that set a good trade, direction and time. They might get to claim to get the direction right, but their timing was totally off. I think now is the time to pay very close attention to the group as it could start turning lower!
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