It's possible that all of the FAANG stocks have now completed their long-term wave b (bull trap/bear market bounce) and are ready for their largest legs down overall.
And as you have written before, those may weigh heavily (disproportionately) on the broader markets as they also decline, right? thanks, jim
Since these 4 stocks look to be fundamentally strong, should they plummet, would they be a good buy?
I should say WHEN they plummet!
Not until they have enormous falls. The darlings of the last bull market are rarely the darlings of the next one. And the ones that led on the way up tend to lead on the way down. But there will come a day and level at which they’re attractive again. We’re nowhere near those levels.
Makes me wonder what the new darlings will be...hmmm
At first, defensive assets should be, as the market overall corrects lower. But there's no way to know ahead of time what the next darlings are. But they wouldn't interest me anyway because anything that is "loved" it typically at minimum fairly valued and typically overvalued.