With Netflix plummeting and tech stocks struggling, many investors are wondering where FAANG stocks will go from here. To get some perspective on whether this is just a blip on the radar or the dawn of yet another “new normal,” we sat down with Nick Mersch, our resident tech expert and the portfolio manager of Purpose Global Innovators Fund.
- 00:19 - 03:08: Nick gives a quick recap of tech market performance
- 03:09 - 04:18: Nick talks Netflix, why the company is struggling, and what TikTok has to do with it
- 04:19 - 05:06: Nick discusses competing streaming services and admits he got Crave for Game of Thrones
- 05:07 - 06:40: Nick calls Facebook’s recent performance “a high jump over a low bar”
- 06:41 - 09:39: Nick provides his tech outlook for 2022, and talks Purpose Global Innovators Fund
— Nick Mersch, CFA, Portfolio Manager at Purpose Investments
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