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DataTrek Research’s Nicholas Colas says things are in fact frothy in that sector, but not in the way you might think. “Large-cap tech is in a bubble, but not necessarily in terms of valuation,” says Colas, providing our  call of the day . “Rather, it is an insulating force field driven by its power to create innovative disruption and growth. Those fundamentals are now at such critical mass that even governments cannot derail them for long.” Another factor is that President Trump is sparking the trade tensions, and investors ultimately believe he won’t tank stocks before the midterm elections, Colas says.

global leader in Recovery Audit and Spend Analytics services, today announced that Jim Fisher has been named Chief Information Officer, responsible for overseeing all aspects of the IT and Shared Services functions. Prior to joining the Company, Mr. Fisher served as Senior Vice President of Target Technical Services for Target Corporation, responsible for architecture, platform engineering, networking, data center and field operations. Before Target, Mr. Fisher served as Senior Vice President of Global Infrastructure Operations at First Data Corporation, and prior to that he was Vice President of Enterprise Infrastructure Services & Field Operations at The Home Depot.  From 1995 through 2003, Mr. Fisher served as Senior Vice President of Technology & Field Services for Federated Systems Group, a division of Macy’s, Inc., and prior to that he served in various roles at IBM Global…

A F-16 fighter jet crashed in mountains near Taipei Monday after going missing during annual military drills that simulate a Chinese attack on Taiwan. The wreckage of the military plane was discovered by a hiker, two hours after it disappeared from radar screens on the first day of the exercises "The military is the guardian of the country and it is a high-risk career ... We will always remember your sacrifices. Your spirit will be with us. We will always be proud of you," a statement posted on Facebook said.

"I hope the US can explain to everyone: Isn't it militarization when you send attacking weapons like the B-52 bombers to the South China Sea? Were the B-52s there for freedom of navigation and overflight? If someone frequently flexes his muscles or snoops around near your house, shouldn't you raise your alertness and improve your defense capabilities?" Chinese Foreign Ministry spokeswoman Hua Chunying said at a regular press conference. "China will not be intimidated by any planes or ships. We will only be firmer in our resolve to take all necessary measures to safeguard our sovereignty and security as well as maintain peace and stability in the South China Sea."