But, but, but… it’s different this time…

AMZn and NFLX are down 5% today…

From their 52-week highs, FANGs are down hard:

  • FB -33.9%

  • AMZN -23.8%

  • NFLX -32.8%

  • GOOGL -18.0%

Smashing the FANG index down into bear market territory…

And 6-month lows…

 

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