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Nasdaq goes bear as momentum plays run out of gas
Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market. Investors reaped fat gains through the final stages of the long-running bull market on a set of stocks that many regarded as destined to go ever higher. Some are ready to call an end to Wall Street's most popular trade - the so-called FAANG group of five favorite technology and internet stocks.
https://finance.yahoo.com/news/nasdaq-goes-bear-momentum-plays-000737698.html?.tsrc=rss
Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market. Investors reaped fat gains through the final stages of the long-running bull market on a set of stocks that many regarded as destined to go ever higher. Some are ready to call an end to Wall Street's most popular trade - the so-called FAANG group of five favorite technology and internet stocks.
https://finance.yahoo.com/news/nasdaq-goes-bear-momentum-plays-000737698.html?.tsrc=rss
