FANG Stocks Should Rally if Bonds Do
If bonds rally, then FANG stocks should enjoy an oversold rally.
Source: thestreet.com
Stay updated with breaking news from Actions Amp Analysis. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
If bonds rally, then FANG stocks should enjoy an oversold rally.
What we don’t want is a handful of stocks with market caps so large they are all that matters to markets.
Tuesday's upside action didn't mirror Monday's in at least one important way. Plus, the biggest challenge I see right now for this market and how earnings could change that.
With the cycle we're in, the change has to come from crossing the downtrend line -- and bonds.
Let's dissect the big move up, look at the QQQs and Russell 2000, and ask the tough question: Can the rally last?