The FANG acronym has lost its popularity through 2024 as the “Magnificent Seven” and “Super Six” are more eye-catching and useful for clicks in today’s digital world. However, this index has continued to power to fresh all-time highs along with the NASDAQ, and while under the hood, not all stocks will move as one, the upside momentum of the index remains impressive.
- We have been looking for this “pop” to fresh highs by the US tech index, and we’re now 50-50 in which direction the next 10% move will unfold, though the bull market is firmly in control until further notice.
MM is neutral on the US tech Sector
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