Stocks Are Getting Monkeyhammered As FANGs Puke To 3-Week Lows
Tyler Durden
Thu, 07/23/2020 – 14:12
US equity markets are accelerating lower with Small Caps giving up all their earlier gains and Nasdaq leading the collapse (down almost 3%)…
FANG stocks are back at 3-week lows…
Nearly all of Nasdaq’s relative outperformance over Small Caps in July has been erased…
The catalysts is unclear but we suspect a combination of anti-trust headlines on big-tech, virus fears, and government handout uncertainty are finally all weighing on the Robinhooders (at record high valuations)…
