Techs offer long term performance

The long-term track record of technology has been impressive. Over the past 10 years, the Nasdaq has grown by 800%. More recently, things have been less impressive. But before looking at why technology has recently disappointed, it is important to look into the sector itself. Geographically, the majority of new technology firms are based in the US. The relentless adoption of new technology products by US business has played a key role in driving the unprecedented expansion of the 1990s. US firms are now devoting more than 55% of their capital spending to technology. Innovations have ena...