Tech's downturn is mostly the result of trends outside the industry

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Tech's downturn is shining a spotlight on the industry's vulnerability to fast-moving trends and conflicts beyond its own boundaries.

But the relative return investors could get by putting money into far less risky alternatives to tech stocks skyrocketed in a matter of months — from zero to as high as 4%.

The biggest global tech manufacturers put most of their eggs in China's basket over the past two decades. Even the hint of a default on U.S. debt obligations could sow financial turmoil and raise the cost of borrowing all around — throwing a giant wrench in tech's, and everyone else's, recovery dreams.Big companies often feel good about divided government, thinking that paralysis in D.C. limits government meddling.

 

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Seems like there's alotta unemployed tech talent and alotta VC's looking to put thier money somewhere. Should be alotta opportunities for inovation and competition 🤷🏻‍♂️

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