Without the FANGs and BATs stocks combined, markets like the S&P 500 would have been less exuberant over the past year. Newton explain in this latest market view why the current crop of technology stocks have partied like it’s 1999 all over again. While this is fine in theory Newton prefer to take a less short-term view. To paraphrase the immortal words of Prince Rogers Nelson: “Life is a party but parties weren’t meant to last”.

_{Terms and conditions apply. The content of this article is for information purposes only. All opinions and estimates constitute best judgement at the time of publication and are subject to change without notice. Please note that mention of specific stocks/shares or investments is not a recommendation to trade in those stocks/shares or investments.}