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It's all over the news today: Senate Republicans unanimously voted to advance Amy Coney Barrett's nomination for Associate Justice of the Supreme Court to the full Senate.
Meanwhile, a court matter of huge importance to investors isn't front-page news, but most definitely should be: The Supreme Court may very well have the $9 trillion tech sector – particularly the FAANGs – in its sights.
Of course, the Supreme Court hears and rules on cases of national and even global importance sometimes. But it's not every day a case like Malwarebytes Inc. v. Enigma Software Group USA LLC comes up. This case concerns massive issues of technology, money, freedom of speech, and everything that stems from that – including the elections – all rolled into one.
There's a lot at stake here, and I'm going to walk you through what's going on because, as I said, this is a $9 trillion issue impacting some of the richest, best-performing stocks in the market. Vast fortunes, including countless retirement accounts, are in play.
Which way the court decides to go here is going to impact the stock market like a ton of bricks… or, on the other hand, a tank of jet fuel… Full Story