Financial markets continue to reflect uncertainty and doubt over the strength of the global economic recovery. Choppiness is the new trend, and it seems like it will be with us for a while. A certain amount of chop is natural, especially as the markets navigate through largely uncharted waters.
“But while there are some troubling signals, corrections—drops of 10% from recent highs—don’t just happen, just like bull markets don’t die of old age. There has to be a reason,” writes Al Root of Barron’s.
As he notes in his analysis, there are many potential triggers for the next correction. One of them is time – every market that goes up eventually comes down. If you’re going to stay in the markets, however, stick with quality stocks. That’s a recommendation I agree with, since it also supports my longtime belief that technology stocks have become foundational to the overall health and wellbeing of our economy.
From my perspective, technology continues to drive business growth and elevate prosperity. As technology leaders, our responsibility is keeping the momentum going. We need to continually reimagine, reinvent, innovate and disrupt, creating new business models and new go-to-market strategies.
It’s not a coincidence that technology leaders have become the rock stars of this challenging era. Sure, we’re all experiencing the turbulence and anxiety of these difficult times. But as tech leaders, we’re also seizing the opportunities created by technology to make life better for billions of people all over the world.
Let’s stay focused on driving superior execution and providing exceptional results. I genuinely believe the world is counting on us to deliver, and I am totally confident that we will.
Have You Registered for Our Next HMG Innovation Accelerator?
Our next Innovation Accelerator event is taking place on September 29. This truly unique program is an interactive discussion that provides remarkable opportunities for technology executives to meet with the founders and CEOs of innovative technology companies and learn about the business and operational challenges they solve for their customers and how they are differentiated in the market. Confirmed speakers for the Sept. 29 event include Muddu Sudhakar, CEO of Aisera.
To learn more about the HMG Innovation Accelerator, including opportunities to participate, please contact HMG Strategy’s Chief Engagement Officer Rob Kovalesky at robk@hmgstrategy.com.
