Excerpt from the Financial Times quoting DataTrek’s Nick Colas:
…. “The political pressure on tech follows that of healthcare, another major sector that has already felt the heat from Washington in recent months and duly lagged the broad market. Both sectors face tighter regulation. The worry now for investors is whether Washington brushes off the intense lobbying from the tech giants and goes too far.
As Nicholas Colas at DataTrek noted this week about the big four tech groups: “Some regulation is fine (and these companies already know it is coming), but too much could threaten US pre-eminence in new technologies”….
Read the full article here on The Financial Times!