Congress' stimulus bill is now the 'most important data point' for Big Tech, DA Davidson's Tom Forte says after blockbuster earnings
Tom Forte said what happens with the next stimulus bill is the"most important data point for technology stocks."
Tom Forte, senior research analyst at DA Davidson, told Bloomberg on Friday that the"sequel of the CARES Act" is the"most important data point for technology stocks." Forte added that a recent University of Chicago study showed 68% of recipients of unemployment made more money on $600 a week than they did while they were working. He's closely monitoring whether Congress will reduce the amount of stimulus next week, and said,"If 600 a week becomes 200 a week, that is a huge difference."
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