Alternate hypothesis: tech is still a great sector but as monetary policy has moved away from “money printer go brrr” growth equities have predictably been hit

Alternate hypothesis: tech is still a great sector but as monetary policy has moved away from “money printer go brrr” growth equities have predictably been hit harder than most. We were running ZIRP and some insane level of QE that’s a bit of a puzzle to even measure. Yeah, equities markets were more than a little overheated. The notional values may have re-scaled a bit but I’ll go out on a limb and venture that Alphabet is still a great business.