Homepage / Technology / Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows
Kiçik təyyarə oyunu 1xBet 1xbet Aviator gam The way to select a Data Bedroom Service Bewertungen zu Vulkanvegas Lesen Sie Kundenbewertungen zu vulkanvegas com 3 von 5 小柳商事株式会 Mostbet Türkiye mobil uygulamasını indi Participate in A European Romance Website & Meet The Match What to anticipate in VDR Providers paribahis 717 Best Country To get yourself a Wife: Asia, Europe & Latin America Technology and Asylum Procedures Business Process and Digitalization How to begin Your Blog With no Investment Software For Modern Business Setting Up the Electronic Data Areas Greatest On-line Relationship Websites & Apps: Comparison Legal Support and Advice Intended for Small Businesses The very best Virtual VDR Providers 9 Tips for Working With Teams in Different Timezones Australian Brides Deliver Order Birdes-to-be From Quotes Korean Brides -mail Order Brides From Southern Korea Choosing a Data Place Antivirus Solutions — What to Look For within a Good Anti-virus Solution Best Alternatives of VPN Software New Step by Step Roadmap for Marijuana News Mail-order Bride Wikipedia Relationship With A Russian Mail Order Bride: Can It Develop Suitable Family? Steve Munger: These Primary Guidelines Made Me Effective In Life With Warren Buffett, Thought about All Three Guide To Choosing The Right Mailbox Order Star of the event Web Site In 2023 Few Wins $3 Million In Pennsylvania Lotto Scratcher, Strategies Trip Privately owned Internet Access Avast Review Powerful Deal Achievement Top Rated Free VPN Services Adaware Review – Is Adaware Review Right For You? Large 15 Best Countries To find a Spouse In 2023 Online dating services Reviews Ideal Legit Snail mail Order Bride-to-be Sites To Decide On In 2023 & Feedback Thailänder Brides Pleasant Thai Mailbox Order Wedding brides To Marry Thailänder Brides Get A Thailand Deliver Order Bride The principal Expenses Ukrainian Mail Order Spouse Cost Includes The Nations Just where Girls Have One Of The Best Lives, In Chart Partner Of Ukraines Spy Fundamental Was Poisoned, Officers Say The Model Ny Occasions New Restaurants And Pop-ups To Try In L A This 12 Los Angeles Situations Ways to Discover United states Marriage Details Romancescout: Your Information To On-line Relationship Evaluations, Recommendations Tes Ship Order Bride-to-be Discover A Overseas Spouse Across the internet Free With Jetbride Com Powerful Interracial Marriages Exquisite Interracial Lovers Exactly what the Best Online dating Websites? Very best Dating Web page Reviews – Find Your web Soul Mate Ways to Create Online dating sites Profiles Long Relationship Suggestions Long Relationship Suggestions How to begin a Successful Wife Search Getting married to a Russian Child The right way to Meet Delightful Ladies Around the World To recognize Know About Ukrainian Single Girls Dating The Different Types of Sugar Daddies The key benefits of Dating a Latina Top 5 International Dating Sites Russian Women Seeking Men Overseas Cookware Interracial Lovers and the Backlash Against All of them Getting the Marriage License and Wedding ceremony Done Correct How to pick the Best Web based Marriage Company Flirting Tips For Timid People Delightful Interracial Lovers Crucial Russian Females Dating Suggestions for Men Steps to create the Most of Dating An individual From Another Country Web based Top five Romantic Honeymoon Destinations Just what Soulmate? Web based Relationships Suggestions The Challenges of Dating An individual From A further Country Setting Expectations just for Online Sugar Daddy Arrangements Marital relationship License and Ceremony Why Are Latinas Heated? Getting Foreign Bride-to-be Tips on how to Propose — What’s the Best Way to Say “I Do”? Is usually Your Long Distance Marriage Moving Too quickly? Dating Etiquette — The Modern Rules of Seeing A Quick Guide to the Use of NLP in Chatbots Building Trust in Human relationships Les mariages interracials les plus réussis sont ceux basés sur l’amour & le respect Browsing through Cultural Differences in Asian Human relationships How you can Have a cheerful Marriage The right way to Fix a Relationship With out Hurting Your companion How to Spice Up a lengthy Distance Relationship The main advantages of Online Dating What is the Best Female Race to Marry? Western european Women Stereotypes Why Asian Girls Like Bright white Guys How to Succeed in On the web Relationships Top 5 Online Connections Tips Top 5 Online Connections Tips Leading Countries With Best Foreign Brides Powerful Interracial Relationships Asian Wedding Icon Meanings Where to Find a Deliver Order Star of the wedding Wedding ceremony Traditions in Ukraine For what reason Asian Girls Like Light Guys Asian Brides Via the internet Tips on how to Propose – What’s the simplest way to Say “I Do”?


Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows

Investors’ nerves are getting jangled over what has been the most popular tech trade in the stock market, and are showing increasing signs that they’re getting ready to bail.

Market pros responding to the July Bank of America Merrill Lynch Fund Managers Survey labeled the “FAANG + BAT” trade the most-crowded for the sixth straight month. With a 53 percent response rate, the trade is the most-crowded overall since the bet on the U.S. dollar going up in January 2017, according to the survey.

The acronyms refer to five big U.S. tech stocks — Facebook, Amazon, Apple, Netflix and Google-parent Alphabet — along with their Chinese counterparts Baidu, Alibaba and Tencent. The trade has been wildly successful this year, as FAANG stocks have gained an average 41.6 percent in 2018 alone, though the BATs are up a more modest 5.9 percent.

However, the FAANG trade is starting to show its first material signs of weakness.

Netflix stunned the market Monday when it posted earnings showing new subscribers dramatically below Wall Street estimates. Traders ran for the exits in off-hours trading, sending shares down about 13 percent before the opening bell Tuesday.

“When your stock is priced for perfection and you don’t deliver, the reaction can be pretty violent,” said David Nelson, chief strategist at Belpointe.

The big question now for the market will be whether the Netflix earnings-related drop is a one-off event or symptomatic of something deeper.

Tech stocks have led the latest leg of the 9-year-old bull market, and even though respondents to the fund manager survey worried over the FAANG + BAT trade, they upped their allocation to tech stocks overall. Managers are now a net 33 percent overweight tech, making it the most-favored sector. Investors also dumped bank stocks, something they may come to regret given the sector’s relatively strong performance during earnings season.

“This is a big test for [FAANG],” Nelson said. “Equity ETF flows were positive in the last week but even more money went into fixed income telling me investors are looking for any excuse to pull the rip cord.”

Elsewhere in the survey, fund managers increased their allocation to U.S. stocks to a net 9 percent overweight, the highest level since November 2016 and cut their allocation to European stocks to the lowest since December 2016, while a record net of 17 percent said they think save-haven gold is undervalued.

—Tae Kim contributed to this report.

Source: Tech CNBC
Tech 'FAANG' was the most-crowded trade in the world heading into the Netflix implosion, survey shows

Comments are closed.