While we're on the topic of FANG stocks, Facebook was moonshot on Thursday, compliments of the Gundlach short.
And then Amazon had a moonshot key reversal of fortune on Friday, identical to the one it had three months ago at the all time high. The Monday after was the biggest volatility spike in two years.
Spot the difference this time (lower pane):
"Friday's GDP report, for one, painted a somewhat positive picture. The 2.3 percent growth rate may not have looked like anything spectacular, but it was the first time the first quarter beat economist expectations since 2008"
A good chunk of the first-quarter GDP gains came from an inventory build"
Q1 2008, was the beginning of the recession.
Holy fuck. We're doomed.