[phatfish]

Monetary policy and the fact that the big tech companies (and a lot of the smaller more "boring" ones) have almost universally resisted the effects of C19. A large part of the world being asked stay indoors means more spending on home entertainment (Netfix), more free time to melt your mind with social media (Facebook), more ad impressions (Google), more online shopping (Amazon), businesses needing a robust WFH infrastructure (Microsoft, Zoom).

This is all while "traditional" businesses have had governments shut them down or tell their customers to stay at home.

If you were an investor paying attention over the last 6 months you would be selling everything else and buying tech.