De-fanged? What advisors can tell clients about the bearish turn for the FAANGs [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Joel Schlesinger Special to The Globe and Mail Published December 11, 2018 Updated December 7, 2018 Comments Open this photo in gallery 'Nobody should be surprised we’ve seen these stocks come off the boil,' says Robert Mark, investment strategist with private client solutions at Raymond James Ltd in Toronto. The plummeting value of the FAANGs – losing roughly $1-trillion in market value – is likely a discussion many advisors are having with clients in recent days. After all, Facebook Inc., Apple Inc., Amazon Inc., Netflix Inc. and Google (Alphabet Inc.) had fuelled many portfolios in recent years. Until they didn’t. Story continues below advertisement In the past couple of months, the FAANGs have had the opposite effect on portfolios as these mega-caps have fallen from all-time highs reached earlier this year. By lat
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