That’s why all the big tech giants — Apple, Google, Baidu, Microsoft, and Amazon — are investing heavily in convergence technologies — and why you should, too.
They know that convergence will create more wealth than any other innovation in history; more than the steam engine, electricity, the automobile — even more than the Internet.
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Because investors have been so well rewarded in a low-growth, low-rate, low-inflation economy for so long, the notion of this paradigm undergoing such a seismic shift in such a short period of time has caught much of the investing world flat-footed. For example, 2021 began with the 10-year T-Note yield at 0.90%, and now almost has doubled as of the recent high quote of 1.75% on March 18.
This week was a great litmus test for determining what kind of investors you really are. Was it just a speed bump or did it feel like the wheels were coming off Wall Street? There’s no wrong answer. Depending on where you are in the market, this is the worst of times and the best. Inbox for more information.
