FAANG Stocks May Lose Their Steam

23 cze 2020

Many technological stocks raise above pre-pandemic level are mainly driven by the Fed money supply. However the Fed money printing machine has flatten out recently. But the technology stock like AMZN, MSFT, AAPL, NFLX, etc. keeps roaring up. Unfortunately they are already much in dangerously overprice level. On the other hand many stock that beaten down badly during pandemic level such as airlines, cruise-line, resort, banking stock are kept unreasonable under valued at very cheap price. While pandemic are going to recover sooner or later like some countries like China, Hong Kong, Singapore, etc are opening up soon, the market tide may reversed. So just be really careful to this nonsensical market pricing.