In the US, FAANG (later FAANGMT) is synonymous with the big...

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%