Why FANG Stocks Are Sinking Today
- Value stocks on track for three weeks of gains over growth
- Apple, Facebook concerns weigh on tech index after leading
Apple Is Asking for Fewer Components From Suppliers
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It looks like a garden-variety technology selloff, and it is. But Monday’s mini-seizure in stocks has fingerprints of another force that has been building for weeks, a sentiment shift that could foretell the market’s tone for the rest of the year.
As losses swelled in the Fang block of technology megacaps, Monday became the 11th day in 12 that value stocks outpaced their growth counterparts, the longest stretch of outperformance since 2006. Using a lens favored by quants, companies ranked highest by cheapness were one of only three investment factors to trade higher on the day.