Generational Bull Market Catalyst No. 4: The Confluence of Powerful Tech Trends (Finally!)
The personal computer revolution was a key driver in the 1980s bull market.
But as many productivity gains as the PC ushered in, they’re nothing compared with the tons of tech advances now occurring daily.
What we have today is a true “confluence” of mutually augmenting tech trends – a situation I usually describe as “self-reinforcing” tech trends. By self-reinforcing, I mean that these trends intersect and augment each other and drive the overall sector higher.
Just take a look at the impact of the Internet of Everything (IoE). This all-encompassing technology will soon connect an estimated 50 billion devices, turning Earth into a hyper-connected “smart” planet. And it could produce as much as $14 trillion in new profits throughout the global economy over the next two decades.
This one tech ecosystem alone will touch everything: Big Data, cloud computing, wearable technology, smart homes, miracle materials, the mobile wave…
Plus, it will require as many as 1 trillion sensors placed all around Earth – some literally, in satellites – many of which also will help find new energy supplies.
The companies that make these sensors – and the other components of the IoE – will drive this generational bull market… and benefit greatly from it.