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


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