Merrill Lynch released an extremely interesting note to investors at the end of last week, what the firm is calling FAANG 2.0, reflecting the changing priorities of the global and the investment world. The original FAANG stocks were the tech giants that would be spearheading the increasing digitalisation of the globe.
Now, Merrill Lynch is arguing that investors should be paying more attention to some other sectors which are set to perform well in 2022 and beyond. As the bank says, "some areas that experienced extraordinary returns over recent years are most vulnerable to higher inflation and rising interest rates as seen by the severe bear market in long duration growth stocks."
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