Chart of the Day – June 26, 2020

By: Chris Wenner in Charts 06/26/2020

The FANG stocks are notably higher today vs. their February highs.  While the overall market – using SPX – remains 10%+ from the highs, Tech (and FANG/crowded tech in particular), are the clear leaders and have been since the market bottomed.  Before any real “selloff part 2” would ever commence, I think Tech losing its bid (for more than a day or two) has to happen first.

Tech is the key to this market.  Have a great weekend.

CW

 

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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