“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. Â Hard to justify some of those valuations and how surveillance capitalism really makes money.
Here are the Friday charts: Set One, Set Two, Set Three, Set Four
