We have seen global stock markets continue to slide based on new reports on the coronavirus. Investors are unsure how long it will take China to get back up and running, the degree to which it will spread across the globe and the impact it will have on supply chains and global consumers.
US stock market performance has been muted so far in December as this weekend’s deadline looms for the U.S. to levy new tariffs on $160 billion dollars of Chinese goods. The market’s reaction to the ongoing negotiations has been a constant in 2019, as investors try to digest new information and understand the ever-changing potential impacts.
Is the market getting by with a little help from the so-called FAANG stocks? And does the performance of Facebook, Amazon, Apple, Netflix, and Google stand out historically?