Why are US tech stocks not falling yet due to the trend of countries decoupling?
Because the market does not reflect reality.
US orders diplomats to fight data sovereignty initiatives
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Re: US orders diplomats to fight data sovereignty initiatives
#12I can’t imagine how any country would think the US is trustworthy enough to be the place where everyone stores their data. If companies cannot comply with data sovereignty laws then they shouldn’t exist at all. Personally, even as a US citizen, I’m hoping tech companies in Europe and Asia become independent enough to no longer be beholden to US interests. It’s clear that the era where any one country has global hegemony should end.
Re: US orders diplomats to fight data sovereignty initiatives
#13I wonder if he would go so far as to withhold access to US tech to this end.
I imagine if the current administration does, Europe could retaliate by withholding ASML’s tech or even doing a mass sell off of US treasuries. Europe is admittedly not in a position of strength compared to the US, but there are still a lot of levers they can pull.
Re: US orders diplomats to fight data sovereignty initiatives
#14Why are US tech stocks not falling yet due to the trend of countries decoupling?
Voting with your wallet doesn’t work when the corpo is big enough to buy everyone off.
Re: US orders diplomats to fight data sovereignty initiatives
#15That the US doesn't like it is the best justification for it.
Re: US orders diplomats to fight data sovereignty initiatives
#16Sigh. Anecdotally, more Europeans no longer want their governments to rely on software and data controlled by US companies, because they no longer trust the US to act as a reliable ally, defending the same values. Whether you agree or disagree with these concerns, they are valid for many Europeans.
In an ironic twist of fate, the US government's actions could end up causing long-term damage to US tech companies.
This is all based on anecdotal evidence, so I could be wrong, but I have to call it like I see it.
Re: US orders diplomats to fight data sovereignty initiatives
#17Why are US tech stocks not falling yet due to the trend of countries decoupling?
What are you talking about? There's been a ~18% drop in tech sector this past month (see: IGV)
I don't know if it's due to "decoupling" but there has been some selling recently.
Re: US orders diplomats to fight data sovereignty initiatives
#18Why are US tech stocks not falling yet due to the trend of countries decoupling?
average trader probably doesn't realise the bigger picture
yet
Re: US orders diplomats to fight data sovereignty initiatives
#19[flagged]
Re: US orders diplomats to fight data sovereignty initiatives
#20I wonder if he would go so far as to withhold access to US tech to this end.
I imagine if the current administration does, Europe could retaliate by withholding ASML’s tech or even doing a mass sell off of US treasuries. Europe is admittedly not in a position of strength compared to the US, but there are still a lot of levers they can pull.
The EU could also cut US access to clearing houses (Clearstream / EuroClear) or the SWIFT payment system.