Valuation Scare in Nasdaq Arrives at Wrong Time for U.S. BullsBy
FANG stocks slide by average of 7.6 percent in three days
Nasdaq slumps 19 percent from July high to near bear market
Before last week, it would have been hard to say valuations were a pressing concern for U.S. stocks -- particularly after 2015’s market was propped by a handful of companies with triple-digit multiples. That’s changing.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.