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1.Market Observations, 8.Was Sticky

13 June 2017 (AFR) – Tech meltdown raises bubble fears

(13 June 2017, AFR, p27, by John Kehoe)

‘A huge sell off in American technology stocks on Friday signalled the so-called “FAANG” momentum trade has abruptly reversed and raised fears about a possible tech bubble bursting. Share prices of the world’s high-performing tech companies, Facebook, Amazon, Apple, Netflix and Google’s (FAANG) parent Alphabet, all plunged by between 3 and 5 per cent.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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