Shower thought of the day: do the Dems have an opportunity to be seen as more ‘business/stock market friendly’ in the coming years as Republicans become increasingly obsessed with culture wars? Traditionally , investors have rooted for Republicans to win elections because they are perceived as good for stock prices; less regulation, lower taxes, whatever.
The ‘New Right,’ however, seems very hostile towards big tech companies and completely unbending in their view of the world. In many ways, they are attempting to roll back the clock to what they considered a better time.
Seven of the top ten S&P 500 companies (AAPL MSFT GOOGL AMZN NVDA TSLA) are tech. BRK is also right there because of their stake in Apple. META is possibly regaining its footing after a brutal year. ‘Growth’ stocks are dominated by up and coming tech. It’s kind of like a Machiavellian ‘the enemy of my enemy is my friend’ thing. People like Bernie and Elizabeth Warren will never be on board, but maybe younger, more pragmatic Dems are thinking this as well? Just pondering.
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