There's been much to absorb on the financial markets front since arguably the most famous - or infamous, depending on your political viewpoint - presidential election in U.S. history.

Higher Treasury rates, lower bond prices and stronger stock prices are all front page news in November, and now, some Wall Street watchers say, you can add so-called "FANG" stocks to the list.

TheStreet's Jim Cramer coined the FANG term - it's trading shorthand for four mega-technology-based stocks - Facebook (FB) , Amazon (AMZN) , Netflix (NFLX) , and Alphabet's Google (GOOG) . Over the past half-decade, all four stocks have engineered major portfolio gains and have made plenty of money for shareholders and for exchange-traded fund investors who have deployed all four stocks in ETFs like First Trust Dow Jones Internet (FDN) , PowerShares NASDAQ Internet (PNQI)  and PowerShares QQQ (QQQ) .

But these days, FANG's bite has been muted, with some major Wall Street money managers and analysts developing a bearish outlook on all four stocks. Mainly, that's due to a change of occupants at 1600 Pennsylvania Avenue in Washington, D.C.

"One thing about Donald Trump's win, people just want something real," says Jeffrey Gundlach, a fund manager at DoubleLine Capital. "They want to see things being made. They want to see policies being changed, which impacts the financial engineering stocks and the momentum stocks, like the FANGs."

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