The equity markets never make investing easy for the active trader. For a few years now, the market was in a 1 decision market. Buy the FANGs, AAPL, GOOG, FB (until 3 months ago), AMZN and NFLX (until recently), go sit on the beach and watch the $$$ role in. The valuations of these companies as measured by PE, P/S, P/B or other traditional valuation metric made doing so extremely difficult. So while it appeared to be easy money, it was nothing but. Riding on their coattails was entire technology sector that marched higher without the same fanfare. Hidden under the hood is the SOX, the Philadelphia Stock Exchange Semiconductor Index). The semiconductor kept up for a while but was to the first to lag.
