COVID-19 has brought the tech stocks into focus over the traditional brick and mortar businesses. Businesses like NFLX, ANZN, GOOGL, MSFT, SHOP etc are either making new highs or near their 52 week high. In the coming few weeks we will find out if we break to new highs or rollover and sink to make it an ABC plunge !!!
This pandemic has forever changed the investment landscape. Technology is gaining momentum as it makes major inroads into our lives than a decade or more ago. People are starting to realize that they can do almost everything from the comfort of their homes.
1.. Digital Shopping
2.. Entertainment -watch shows & movies
3.. Buy Electric cars and charge at home
4.. AI powered home electronics
5.. Home schooling
6.. Work from home
5.. Manage their money
It’s a paradigm shift in our thinking and psyche. Technology is right at the cusp to make phenomenal changes to how we perceive and consume things.