FAANG

The narrative in the financial sphere continues to revolve around the term “narrow market,” a phrase referring to how a handful of stocks have been driving market performance. This narrow rally might be hinting that an improvement in economic growth isn’t in the near-term cards. With sticky inflation concerns and the unstoppable rise of artificial intelligence, market analysis is increasingly becoming a complex web of interwoven variables. One thing is clear, however: we need a new acronym for the driving forces in the market. Let’s bid farewell to the “FAANG”…