FANG Sell Indicator

FANG Update. BOA is looking to sell as hedge fund concentrated positions gets more alarming. June 5, 2017. 

The so-called FANG stocks (Facebook, Amazon, Netflix and Google) received plenty of attention this year thanks to their outperformance. As the rest the market has struggled for direction these stocks have charged higher, returning nearly 30% year-to-date compared to 8% for the wider S&P 500 (a contribution of about 1ppt or 14% of the S&P 500’s returns this year).

• Soc Gen: Active Managers Might Be Responsible For Rise of Passive AUM
• Convexity And Money Volatility Points To A VIX Below 8

However, despite investors’ seemingly insatiable desire to get their hands on shares in these companies, analysts at Bank of America...