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The Fangs

The Fangs have delivered spectacularly in the past couple of years. 

Originally named for the initials of Facebook, Amazon, Netflix and Google, and now typically also including Apple and Microsoft

John Authers, FT 8 November 2017

Apple closes above $900 billion milestone in climb to $1 trillion market cap

Apple could also hasten the drive to $1 trillion by buying back shares as it has actively done in the past, as it continues to issue bonds to fund buybacks and dividends.

MarketWatch 8 November 2017

The good news is that the Fangs are not overvalued relative to the market. 

The bad news is that the entire market is overvalued. 

Research from the Boston-based fund manager GMO.

John Authers, FT 10 November 2017

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