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An antitrust report by Democratic staffers for the House of Representatives this week sent chills down the spine of investors holding shares of the major U.S. technology and internet companies that have driven the bull market. The report signals the likelihood of heightened regulatory scrutiny over these companies, especially if Democrats win the White House and both chambers of Congress in the November elections in a so-called “blue wave.”

Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, joined the “What Goes Up” podcast this week to share his thoughts on this and other market developments.

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