The good news is it seems as though the market has priced in optimism for earnings of the top 5 faang.
Anything below expectations could create panic.
They are already sitting on bloated PE ratios
Netflix & Amazon the highest at roughly 100.
At 20% weight of the index , if they don’t hit target , we could be looking at an avalanche.
As there are a lot investors hiding there as a safe haven.
BBUS, page-2206
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