On a real economy basis, even in a place like San Francisco, probably one of the most tech industry dominated places in the world, food prep employes way more people than computers/math/engineering https://www.bls.gov/regions/west/news-release/occupationalemploymentandwages_sanfrancisco.htm

While the current crisis is certainly causing some behavioral consumption shifts that benefit certain tech players. There's almost certainly a behavioral shift among investors, who want to stay exposed to stocks, but in a safe way. This captures it well https://twitter.com/FerroTV/status/1260866135433641985

If you're anxious as hell about the current situation (and who isn't?) and you want to be in the market, then a lot of these tech companies probably have years of growth ahead of them and pristine balance sheets and some may benefit short term from the life upheaval.

So people are piling in. But they still can't be the future of the U.S. economy (or any economy), because they're all dependent on the non-tech world thriving as well

Anyway! Sign up for the @Markets newsletter here, and get up to date every morning on what's going on with the world. http://link.mail.bloombergbusiness.com/join/4wm/markets-signup&hash=b9b2681361bede0e1069ca238efb1ec2

Oh and of course, @modestproposal1 was (as always) way ahead of me, and yesterday put the whole thing way more concise than I ever could https://twitter.com/modestproposal1/status/1260591849108131843