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Why Credit Suisse says tech stocks are actually defensive (hint: it’s the cash)

Dave Morris
Why Credit Suisse says tech stocks are actually defensive (hint: it’s the cash)

While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.