Wednesday, February 17, 2016

Unicorns without bite

For a bite one needs fangs, or more accurately "FANG"s which investors will know refers to the stock darlings Facebook, Amazon, Netflix, and Google which collectively have been a performance outlier amid the equity market sell off since the beginning of 2016. Here is JP Morgan strategist Michael Cembalest's chart on how poorly Unicorns have fared over the past 980 days (to February 16, 2016).