An Update on the FANG Trade

God I hate that acronym.

At any rate, the Facebook, Amazon, Netflix and Google oligarchy ruled the roost in 2015. During 2016, they’ve been decapitated, down more than 17%, collectively, since 1/1.

Here are the returns.

FB: -4.8%
AMZN: -28%
NFLX: -25%
GOOGL: -9.8%

For the day, all of the FANG members are rallying.