Can someone explain why sectors that society and thus our economy is dependent on, are volatile and subjected to ups and downs so frequently?
For example, tech is very integral to our society. We are closer to an AI singularity and colonizing the moon than going back to analog clocks and dial up. So why is tech so bumpy and subject to the bull market, bubble, then bear market cycle so frequently.
The same goes for energy. Without our current energy infrastructure, the global economy will collapse in a matter of weeks to months. Why does that make it a volatile ride?
Shouldn’t these sectors be steady growth drivers and not boom and bust economic sectors?