Bitcoin taking a bite out of FANGs

The booking of FANG profits is very apparent in the last five trading days as the Nasdaq has lost 1.7% in value.

The rotation out of high-flying tech stocks, which I saw happening as the Trump tax cut moved through Congress last week, is continuing while the Dow Jones continues to move higher. Continue reading

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Tech wreck hits on lack of tax plan windfall

Wall Street did a duck and cover on their Silicon Valley darlings on Wednesday.

The FAANG stocks had an awful day as Netflix dropped 5.5%, Apple declined 4%, while Facebook, Google and Amazon all fell more than 2%. Continue reading