Goldman decided to go bearish on their own version of FANG called FAAMG. FANG is Jim Cramer's well known acronym for Facebook, Amazon, Netflix and Google.
FAAMG??? It’s
FANG!
First, we had
a rant on Goldman where investing.com
quoted us as saying,
“Goldman, c’mon, you can’t just change a catchy moniker to whatever you want. You can't call them FAAMGs after Jim Cramer coined the term FANG. Cramer's call is what it’s going to be. You can’t just call it whatever you want and include whatever stocks you want. Some things are sacrosanct in this business. If Cramer coins a term we all need to abide by it.”
As we all know what Cramer says goes.
Key Stat
Everybody Needs to Pay Attention To
OK now with that out of the way, the key stat that we don’t see anybody talking about is productivity.
Productivity is on its tail but previous moves up took technology stocks with it a la the 1990s.
Here’s the chart. A picture speaks a 1000-clicks (words).
Conclusion
If you look at the ‘90s’ productivity bottomed, taking the stock
market higher with it.
With self-driving-this and AI-that we’re probably going into another
technology stock tech boom thanks to productivity taking FANG, FAAMG, NASDAQ and every other four-letter, five-letter acronym under the sun up with it.
That’s one more reason not to be a bear.
Disclaimer:
Securities reported by Elazar Advisors, LLC are guided by our daily, weekly and
monthly methodologies. We have a daily overlay which changes more frequently
which is reported to our premium members and could differ from the above
report. Portions of this report may have been issued in advance to subscribers
or clients. All investments have many risks and can lose principal in the short
and long term. This article is for information purposes only. By reading this
you agree, understand and accept that you take upon yourself all responsibility
for all of your investment decisions and to do your own work and hold Elazar
Advisors, LLC and their related parties harmless. Any trading strategy can lose
money and any investor should understand the risks. #in, $spy, ^GSPC,
INDEXSP:.INX, CME Globex: ES, $qqq, #fang, $amzn, $fb, $msft, $nflx, $goog.
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