The worry over Big Tech is overblown. Here’s my view on each FAANG stock

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"When the Nasdaq does nothing but go down on a few clicks of the bond market, you have to ask: Is the problem with the bonds or with the reset? I think it’s the latter.

We are undergoing a great reset where we seem to be returning to the precise levels hit before the Covid pandemic began in early 2020.

So what’s driving the Nasdaq down so vociferously? First, so much of the tech-heavy index relied on just five huge companies and their helpers. Second, the Nasdaq turned out to be a China proxy. And third, the analysts just aren’t caught up with the downside; price targets are coming down aggressively enough."

Join The Investing Club to get access to my analysis of Big Tech, and what that means for your stocks. 

By joining my investment club, you'll be able to access not only my analysis, but gain the tools and insight for managing your own portfolio with one goal in mind, to make you money.

-Jim Cramer

Here's what members got this week!

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• Jim's daily Morning Thoughts including analysis on jobs data, Musk's Twitter saga, Wall Street's thoughts on banks, and stock futures on the first day of October trading

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