Is this Why the FANGS Have Outperformed the S&P 500 So Much?
Yesterday was a big of a shakeout.
The fact is that the Fed balance sheet has flatlined since mid-May. The Fed claims that it is providing $120 billion in liquidity per month but in reality this has NOT been the case for two to three months.
Stocks, which were extremely overbought going into this week, woke up to this fact yesterday with the first round of intense selling weve seen in weeks.
Every major index finished the day down. The extremely popular FANG stocks were liquidated.
Do not c…
