Maybe a better way to say this is that THE ENTIRE ANNUAL FCF OF $FB + $AAPL + $AMZN + $NFLX + $GOOG + $MSFT + $TSLA = $150B

This GNATFAM Index I just made up trades at a FCF yield of ~2.0%.

The CMBS+HY+LL “Junk Index” probably +7% current yield and +8.5% YTM.