However, If stocks, particularly those within the technology sector, are to come back, it will need some help from the heaviest of hitters–the FANG (Facebook, Amazon, Netflix, Google) stocks, which have been languishing for the most part amid October’s sell-off. However, they are the same names that helped spur the 10-year bull run and if the markets want to end 2018 on a positive note, it will need the FANG stocks to perform.
“It’s been a tough month across the board, whether you’re in the growth index, or in the value index, or in the S&P 500. All these indexes have broken their bull market trend levels. I think we’re at the lower end of what could be this new developing range. We’re momentum investors and we’re still seeing the best opportunities in more growth-oriented industries like software,” said Ari Wald, head of technical analysis at Oppenheimer on CNBC’s “Trading Nation.”
Related: How to Hedge Rate Risk With ETFs
In a recent poll on CNBC, readers were asked to help settle the value versus growth debate and thus far, it appears that a best-of-both-worlds strategy is winning.
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