Merrill lynch Fang Index on Pace for one of best days in Months,very well could be end of month adjustment instead of buying opportunity of lifetime.Reminder that Apple reports tomorrow after the close.
Europe’s version of “FAANG” is not made up of tech stocks but of luxury goods companies as it is used as A proxy For Chinese demand.I use the term FAANG in regards to A trade that is heavily invested in by majority of Funds,not necessarily a group of tech Stocks.percentage Change histogram below,index had best day in 6 months.
SPX & RTY back in harmony after a brief period decoupling,Overlay daily chart below:
rate hike Expectations creeping higher again,measured by 2y1m forward rate
