Stock investors, beware of the FANG's fangs

YOU may think the rotation away from technology megacaps has made the stock market a safer place. New research says you'd be wrong.

All year, a major bear case on equities has held that too many investors had too similar a take on the FANG group - dumbfounded bullishness - and once sentiment turned, the whole market would crater. But now it's turned, and the market is fine. All clear, right?

FANG refers to Facebook, Amazon, Netflix and Alphabet's Google.