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My explanation:

The group of stocks known as “FAANMG” -- the biggest most important stocks in the S&P500 -- are giant tech firms that derive a majority of their revenues from outside of the United States.

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— Barry Ritholtz (@ritholtz) July 13, 2020

from Twitter https://twitter.com/ritholtz

July 13, 2020 at 07:08AM
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