Global markets were mixed on Friday with the US Technology sector being hit hard. Shares in the world’s Biggest Tech stocks (Facebook, Apple, Amazon, Netflix & Google) all reversed course sharply after previously hitting record highs. It should be kept in mind that the Tech sector has been by far the strongest performer in 2017, and the pullback looks to have come on the back of profit taking and market concerns that the stocks may be overvalued.
Over the weekend the major news was that the snap election in the UK resulted in a hung parliament. Theresa May called the election to give herself a greater mandate in negotiating Brexit, but the result has been described as a clear indication of opposition from those who had voted to remain in the European Union.
Unless the election result translate...
