![]() It’s NOT Fidelity’s fault, they’re just offering another index fund the mad mob wants to invest in. As a market-weighted, passive index fund there is no choice or selection process, this beast MUST own these FAANGs – a colossal failure of common sense indeed. Assets in this giant have climbed to more than $153B, with $21B forced into FAANG equity ownership. The most shocking part of this story is found in the explosive asset formation in Fidelity’s S&P 500 (Passive) Index Fund. With assets north of $100B back in the year 2000, today he sits as just a shell of his former at $17B. Famously known as the largest mutual fund on earth in the 90s, what became of this beast is nothing short of remarkable. Looking at the passive asset management orgy, there’s no better example than the Fidelity Magellan Fund. Why does this matter? Passive asset management is simple ownership of the market through index funds, the capital MUST be fully invested and has been the fuel behind the toxic run-up in FAANG equities. Nearly $7T is now positioned in passive asset management, over $2T of this money has arrived in the last five years. Since 1993, capital shifting into passive asset management is up 161x, this compares to only 7x for active management. Our Index of 21 Lehman Systemic Risk Indicators has risen to its HIGHEST level since the summer of 2015.Įnjoy our segment on CNBC with an analysis of the FAANGs. Above all, beneath the surface, there’s something far more disturbing. equities today, there’s burning question how many stocks have really been invited to this party? Every day we hear about markets hitting new highs, despite the fact that the S&P has been wrapped around 2800 since January. One of the golden rules of market analysis is found in true underlying breadth. The Fab Five: FAANGs Equities (Facebook, Apple, Amazon, Netflix, and Google) Peter Lynch, Portfolio Manager of the Fidelity Magellan Fund 1977-1990 “If I could avoid a single stock, it would be the hottest stock in the hottest sector” Conversely, a disproportional number of declining securities is used to confirm bearish momentum.” Positive market breadth occurs when more stocks are advancing than are declining and suggests that the bulls are in control of the market’s momentum. Market breadth - “ a method used in technical analysis tries to determine the direction of the market. This blog was published on July 20th, on July 26th Facebook plunged 22% on record volume, $120B was wiped out in one day – the largest single stock incident of wealth destruction on record. ![]() ![]() Get on the Bear Traps Report Today, click here Protecting devices from USB attacks is also recommended by using a whitelist for your devices or disabling USB.Join our Larry McDonald on CNBC’s Trading Nation, Wednesday at 3:05pm ETĭon’t miss our next trade idea. The use of wireless mice and keyboards isn't recommended due to the threat of mousejacking at the event. ![]() Bluetooth devices are particularly vulnerable, earlier this month a Bluetooth security vulnerability was announced that could leave devices open to attacks.īluetooth devices that could be used to track you that some might not think of include fitness trackers and headphones. Resetting the MAC address on your laptop is recommended. Hackers are known to set up nefarious hotspots with common names to trick people into logging on. Users are urged to clear out their saved Wi-Fi network lists. Biometrics like Face ID is good to keep your password safe, but there have been instances where police hold the device up to a suspect's face to unlock it making facial scanning an issue for some. Passcodes need to be more than a simple four-digit code that is easily hacked or guessed, the longer it is the better-protected devices will be. Enabling full disk encryption on your laptop is a good idea. The first suggestion is to backup your devices to protect against lost data in a theft or if you accidentally leave your device in a cab or on an aircraft.īefore attending the conference, people are urged to apply all updates to their devices. Some suggest using burner mobile phones or laptops, but there are other things that attendees can do to prepare themselves and devices. Security Boulevard has issued some steps that attendees to the conference will want to follow to protect their devices before turning up at the convention, but the same steps could be used for protecting your devices every day.
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