When Donald Trump was elected president last November, share prices for America’s big banks and construction firms rose sharply. The bet was that the Trump administration would deregulate the financial sector and approve a massive infrastructure bill. Prices in commodities like steel and copper ticked up in anticipation. Six months later, little of this Trump Trade has come to fruition. The Republican majority is still working to pass a health care bill, and no deregulation, tax reform, or infrastructure spending are in sight.
But that hasn’t slowed the stock market. The S&P 500 closed at a record high yesterday afternoon, and is up over $1.5 trillion since the start of 2017. And the companies doing the most to drive that rally are all...
from
https://www.theverge.com/2017/5/16/15627198/tech-sector-stock-market-record-high
from
http://ifeeltechinc.blogspot.com/2017/05/the-tech-sector-is-leaving-rest-of-us.html
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