Bull Market in Tech Stock Acronyms Reaches Perplexing Heights
- From FANG, to FAAMG (and FAAMA), to FANTASY amid tech rally
- Goldman Sachs, JPMorgan, Citi strategists turn to abbreviation
Technology Finds Record Exposure in Low Vol ETFs
This article is for subscribers only.
ICYMI, a small number of IT companies have played a big role in pushing U.S. stocks to ATHs. And Wall Street is responding with a bull market in acronyms.
This craze started with FANG -- Facebook, Amazon, Netflix, and Google -- the core four tech titans popularized by CNBC’s Jim Cramer in early 2013. He’s since moved on to the FAAA group -- rebranding Google in accordance with its parent company, Alphabet, and substituting Alibaba for Netflix.