FAANG continues to lead the market out of the depths of hell; now piercing +6% on it's previous all time high. Whilst a lot of what is happening at the moment is sheer insanity and pearl clutching hope for brighter days - FAANG actually makes sense of a rally. Over the last few months, every one of these companies has seen a spike in their userbase, and for the most part that returns a lot of money back into their pockets via ad revenues or subscription fees.
Essential industries may have survived these times, but there is no doubt that FAANG thrived in these times. The only question left is that of whether advertisers will remain feeding the beast if end consumers are buying less. But that is a problem for another day.
Essential industries may have survived these times, but there is no doubt that FAANG thrived in these times. The only question left is that of whether advertisers will remain feeding the beast if end consumers are buying less. But that is a problem for another day.
