There’s been a lot of buzz around the “FAANG” stocks this year, and how they’re helping the S&P 500 to new heights. However, in my opinion, this is nothing new. Those are some of the biggest stocks in the index, and it’s a cap-weighted index, so OF COURSE they’re going to be driving the bus when they perform well. Don’t get me wrong, it’s great that these stocks have been having a killer 2017, but I don’t exactly see it as ground-breaking news that they’re supporting the S&P’s return this year.
Here’s what I’ve been reading this morning: