“Goldman issued a report looking at the outsized influence of the five tech stocks in question which it dubs FAAMG – Facebook, Amazon, Apple, Microsoft and Alphabet, which have collectively added a total of $600 bn of market cap this year, “or the equivalent GDP of Hong Kong and South Africa combined.” ~ Tyler Durden
By Catherine Austin Fitts
It’s hard not to contemplate a commodities vs. equity swap – and how to do so without making the mistake of fighting a powerful bull.
Meantime, FANG and the Nasdaq took a 3% nose dive last week on another Wall Street report pointing out the froth in their valuations.
Curious to see what happens this coming week. Hard to justify some of those valuations and how surveillance capitalism really makes money.