After yesterday's violent selloff which was sparked by tech, Tuesday trading has so far been relatively calm and muted with Europe bourses paring early gains while Asian stocks trading slightly lower S&P futures were hugging the unchanged line as Nasdaq futures pointed to more tech declines
Google is teaming up with retailers like Target Corp., Walmart Inc., Home Depot Inc., Costco Wholesale Corp and Ulta Beauty Inc. to take a cut of their sales in exchange for facilitating sales by allowing retailers to list their products directly on Google's search platform.
An absence of dip-buyers has prompted a 6.5% plunge in Facebook and the biggest drop in FANG stocks since Feb 8th as Bloomberg reports the G-20's "digital tax" issue will impact Google, Amazon, and others...
"The first law of Bubble Finance is that stock market crashes trigger recessions, not vice versa. That stands your grandfather's macroeconomics on its ahead, yet the causal chain from which it arises is straight forward..."
For much of 2017, hedge funds complained that they were not generating alpha for one reason: there was no volatility. Well, they got their wish in February when VIX exploded. What happened next was not what hedge funds had expected...
Lats week saw a massive $3.3 billion inflow into QQQ (the Nasdaq ETF) - this is the biggest retail flow into the fund since October 2000 (which didn't end well). This morning sees things off to a terrible start as tech stocks are trashed by EU regs and Facebook's fumblings...
Facebook stock is tumbling as much as 3.5% this morning, dragging the Nasdaq lower as it faces "more systemic problems" according to Pivotal research, following reports over the weekend associated with a data leak that exposed about 50 million user accounts.
Global stocks and S&P futures point to a lower open on Monday, and Wall Street analysts are faced with a veritable smorgasboard of catalysts and explanations for the weak start to the week.
The collective market cap of Apple, Facebook, Amazon, Netflix and Google (also known as FANG + Apple) has grown by more than 40% in the past year to $3 trillion, and now accounts for a staggering 25% of the Nasdaq... and some investors are starting to worry.
No doubt the ad ban will slow adoption, and the data we present here shows why that is important. But just because Google forbids advertising doesn’t condemn an industry to failure. People always find a way...
