Financiers had a lot to be appreciative for. The 3 major indices saw extraordinary growth throughout the very first few years of the Trump administration. Today election night is behind us. There are still a number of legal challenges being considered, but for now, it appears that Joe Biden will be the next president of the United States.
We'll have to wait to see what occurs there. The message I desire to deliver to readers first and foremost is this: No matter who is president, technology and biotechnology are going to have an incredible year in 2021.
And I've never seen the confluence of technologies that we are witnessing right now. At the same time, we're simply beginning to apply the most innovative computer system science and information innovation to the field of biotechnology.
This is going to kick off a suite of brand-new technology applications that would have been difficult even just a couple of months back. I'll be speaking to Jeff about the greatest 5G stories of 2020, and I'll ask him for his No.
Each of these innovations impacts the others. And the ramifications, in terms of investing opportunities in these industries, are almost impossible for the majority of people to comprehend. It's not an intellectual imperfection. It's just that our brains are not wired to believe significantly. Which's what we're visiting in 2021.
This type of development slips up on us. It appears linear at initially. But then there is a sharp "elbow," and the trend goes vertical. And the speed at which that occurs is why most don't identify it till too late. In hindsight, though, it's simple to spot. That's why my objective is to help my readers purchase the most appealing tech business right before that elbow.
Could that have ramifications for stocks? One of the biggest things the law did was lower the corporate tax rate from 35% to 21%.
They mainly did two things. They purchased brand-new equipment, centers, and research study and development. The other thing corporations did was benefit financiers in the kind of stock buybacks. [Stock buybacks are when a business acquires its own shares and reduces the number of exceptional shares, thus increasing the value of staying shares.] Both things were fantastic for equity prices and financiers in American companies.
We'll have to see if that takes place or not. That's why I'll continue to focus on the world of high innovation in 2021. If a business provides a revolutionary item, service, or therapy, will it matter who is sitting in the Oval Office?
And if the markets do experience a dip throughout the next administration, that might be a terrific purchasing opportunity for some of the amazing business I have on my radar. I'll make certain to keep my customers posted if there's any action we require to take. Thanks as always, Jeff.