NY Open: Wall Street bitten by FANGs
The biggest and the brightest of Nasdaq's tech stars have lost some shine today and taken the rest of Wall Street lower. Meanwhile, the Brexit-beleaguered sterling is hurting too.
Head of Equity Strategy
Summary: We remain defensive on equities, which entails equal-weighting stocks against bonds and keeping exposure tilted towards developed markets, excluding the US, though we see Chinese equities as a tactical buying opportunity.