SMLL - A Viral Market Update XIII: The Strong (FANGAM) Get Stronger

When I started these updates on February 26, 2020, about two weeks after the markets went into free fall, my first six posts were titled "Viral Market Meltdowns," reflecting the sell-off across the globe. About halfway through this series, I changed the title, replacing the word "meltdown" with "update," as markets turned around. In fact, by August 14, the date of this update, US equities had recouped all of their crisis losses, and were trading higher than they were on February 14, the start of the crisis.

In that six-month period, though, there has been

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