In the US, FAANG (later FAANGMT) is synonymous with the big techs , in Aust, it is WAAAX
So how has WAAAX performed?
As you can see below, rather disastrously. 3 stocks are in bear market (>20% correction) and 2 in correction territory (>10% correction). This despite US markets at near record territory.
...the crash is well and truly in motion.
Column 1 Column 2 Column 3 Column 4 0 WAAAX 52 wk high 19/1/22 % chg 1 Wisetech (WTC) $ 60.40 $ 51.92 -14.0% 2 Afterpay (APT) $ 160.05 $ 67.02 -58.1% 3 Appen (APX) $ 25.46 $ 10.11 -60.3% 4 Altium (ALU) $ 45.30 $ 39.66 -12.5% 5 Xero (XRO) $ 156.65 $ 117.32 -25.1%
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