Even after recent declines, FAANG stocks account for 10%+ of the S&P 500 weighting, meaning subpar performance in the coming years will be a drag on the market
Kit Rees / Bloomberg : Tweets: @markets , @andres_leal7 , and @scottlincicome Tweets: @markets : For some investors, this year's rout in high-flying tech stocks marks the end of an era for giant companies such as Facebook parent Meta and https://amazon.com/ https://www.bloomberg.com/... Andres Leal / @andres_leal7 : “The market's telling them we want some near-term profitability and we can't afford to fund all of your negative free cash flow. Get a bit more realistic: grow a little bit slower, but do it profitably,” #startups #technology https://www.bloomberg.com/... Scott Lincicome / @scottlincicome : MONOPOLY WATCH: “Investors Call Time on FAANG Stock Dominance After Nasdaq's Rout” https://www.bloomberg.com/... “But history shows that market leaders of one era almost never dominate the next one” https://twitter.com/...