Washington’s increased scrutiny of technology giants could spell trouble for their stocks, if history is any guide.
Technology is the least regulated industry sector, with just 27,000 regulations versus 215,000 for manufacturing and 128,000 for the financial sector, according to Bank of America Merrill Lynch. That light touch could change in the wake of Facebook’s consumer data scandal, likely leading to significant pressure on the best-performing S&P 500 industry sector.
“Tobacco (1992), financial (2010), biotech (2015) industries illustrate how waves of....More>>>