Not surprising to see this morning tech again underperforming the broader market post-midterms, even with the improved valuations (CNBC data below).

What happened: Tech underperformed the broader market this morning after the midterms, even with improved valuations, per CNBC data cited in the post. Why it matters: The post questions whether the shift in Congress will slow tech down, and whether the rest of the market and economy can thrive without tech earnings and spending.

Tech underperformed the broader market this morning after the midterms, even with improved valuations, per CNBC data cited in the post.

The post questions whether the shift in Congress will slow tech down, and whether the rest of the market and economy can thrive without tech earnings and spending.