Thursday Nov 03, 2022
Markets de-FAANGed
Over the last 10 years, FAANG stocks — Facebook, Amazon, Apple, Netflix and Google — dominated the investor landscape, with a disproportionate influence over the S&P 500’s growth. That’s all changed now, says Philip Petursson, Chief Investment Strategist for IG Wealth Management. In 2022, FAANGs are no longer super growers, they’re mature giants, and valuation matters once more.
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