I prefer to look at markets from a “glass half full” perspective. When I have a choice between optimism and pessimism, I’ll usually pick optimism. Buying while others are selling can be a good investment strategy, even when it requires nerves of steel. That said, I believe we’ll see some encouraging news from earnings reports this week. The headlines might not be spectacular, but sometimes good is good enough.
As I’ve said and written before, technology is fueling our global economy. As a result, it’s not surprising that tech firms are also driving financial markets. Some people will see this as more evidence of the divide between “Wall Street” and “Main Street,” but I see it as a fair representation of the broader synergies between technology and everyday life.
Let’s face it, our dependance on technology is real. From my perspective, this is no clear boundary line between the tech economy and the “regular” economy – at this point, they’re one and the same. When the tech industry does well, we all benefit. It’s like the old saying, “a rising tide lifts all boats,” except that in this case, the tide is generated by technology.
