Is FANGMAN Singing or Just Teasing?

For those of you who don’t know, FANGMAN is another Wall Street annoying  acronym for:

• Facebook
• Apple
• Netflix
• Google
• Amazon
• Nvidia

(read about Annoying Acronyms HERE)

The combined market-cap of FANGMAN is (or was until recently) $8.4 Trillion.

Putting that in perspective, that’s nearly the equivalent of the combined GDP of the third (Japan) and fourth (Germany) largest countries in the world.

The FANGMAN stocks have been responsible for the recent record highs in both the NASDAQ and the S&P indexes.

Why?

They’re considered “heavily weighted” and responsible for influencing the movement – up OR down – in the indexes.

Translation:  In Plain English, the size/Market Cap of those companies represent a larger percentage (approximately 30%) of the value of those indexes.

So, when you see large moves or wild swings in the markets all you need to do is look at how the FANGMAN stocks are acting to explain the moves.

Which brings me to today’s point.

The phrase “It Ain’t over till the Fat Lady Sings,” comes to mind here.

In this case it’s “Is FANGMAN Singing or Teasing.”

The last two days have been brutal for the FANGMAN and the entire markets are showing lots of nervousness.

Understandably so.

Based on what we’re seeing out of Washington, it’s almost as if the majority of Congress Critters investors want the markets to crash.

How convenient – now that Trump has regained momentum in the farce known as the election polls – is it that the market appears to be crashing going into the home stretch of the 2020 election?

Toss in more riots, civil unrest, and more fear mongering over Wave 2 of a virus – with a death rate that’s a fraction of what the “Experts” were claiming it to be – that’s gonna kill everyone on the planet unless you wear a mask, and we have the makings of the final leg of 2020, The Year of Chaos.

The question remains:  Will you zig while the boyz in the “Club” zag.

Keep your eyes on the FANGMAN.

And read our September “In Plain English” newsletter to learn how to prosper AND thrive in Turbulent Times.