This Chart Underscores The All-Importance Of The FAANGs

Sharing is Caring!

by Adam Taggart

This chart from Bank of America (hat-tip to Zero Hedge) shows how critical the tiny number of FAANG stocks have become to the overall market. In fact, they essentially now ARE the market.

READ  One Shocking Chart That Has Farmers Trembling With Fear

Without the five FAANG stocks, the return for the S&P 500 index would be negative year-to-date:

The entire stock market is propped up by these five stocks, several of which are supporting forward P/E ratios of over 100x.

READ  One Shocking Chart That Has Farmers Trembling With Fear

What could possibly go wrong…

1,525 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.