FANG stocks just lost nearly $130 billion in market cap, and chart points to more pain (via TradingNation)
" on Monday. "It's been a very tough market for this index in what's really been a better environment for high growth in general."
"For this particular index, I can say that there's really no signs that this underperformance is abating, and for exposure we prefer software and services. We think that's going to be the part of high growth that outperforms," said Wald., CEO of Chantico Global, says just the threat of increased regulatory oversight could stymie the FANG trade for some time.
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