The tech-laden Nasdaq Composite Index declined 1.8 percent final Friday after Goldman Sachs warned of a “valuation air-pocket” in five leading tech stocks dubbed as FAAMG (Facebook,Amazon, Apple, or Microsoft and Alphabet). The Goldman report says the FAAMG’s outperformance has created “positioning extremes,factor crowding and difficult-to-decipher risk narratives”. It sounds peculiar that Goldman refers […]
Source: ejinsight.com