Main menu button

Carlsquare weekly market letter: MAAGT replaces the FANG companies

Read the weekly market letter here:

Carlsquare Weekly market letter

  • If you look at correlations in the stock market, the five companies behind the acronym MAAGT drive the market – Apple, Microsoft, Amazon, Google, and Tesla. These five stocks should be on every trading desk because they show where money is going. This has been true in the past two years’ bull and bear markets.
  • The big battle between Microsoft and Google on the AI scene is exciting. Which company will win?
  • The Q4 earnings season has improved slightly, but technical reasons, with an eye on the Fed and inflation, are driving the market. There is still some room to the upside, but stay close to the exit door.
  • Apple, Microsoft, Amazon, Google, and Tesla are the leaders. Combined, we can call them the MAAGT. In the 2021 rally, these GAAMT stocks led the market and boosted the overall S&P 500 index by 9.3%, as illustrated in the graph below.


The information in this presentation is based on what the publisher Carlsquare deems to be reliable sources. However, we cannot guarantee its content. Nothing written in the presentation should be construed as a recommendation or solicitation to invest in any financial instrument, option or the like. Opinions and conclusions expressed in the presentation are intended for the recipient only. The content may not be copied, reproduced, quoted, or distributed to any other person. Carlsquare shall not be liable for any losses whatsoever caused by decisions made based on information contained in this presentation. Historical returns should not be taken as an indication of future returns. Changes in foreign currency may affect the value, price, or yield of an investment made abroad or in a foreign currency.

The analysis is not directed at U.S. Persons (as that term is defined in Regulation S under the United States Securities Act and interpreted in the United States Investment Companies Act of 1940), nor may it be disseminated to such persons. The analysis is not intended for natural or legal persons where the distribution of the analysis to such persons would involve or entail a risk of violation of Swedish or foreign laws or regulations.

Carlsquare weekly market letter: MAAGT replaces the FANG companies