Blockchain , Investments & Finance

Spec Tech Wreck

Grit Capital

  9 months, 3 weeks ago

High-growth tech stocks have been on an absolute tear. At least they WERE until the end of November. There has been tons of blood in the streets as indices like the Goldman Sachs Non-Profitable Tech Basket fell 30% in a matter of weeks. The poster child of the explosive growth market bull run is ARK Innovation. After returning a monster 149% in 2020, Cathy Woods got rightfully crowned the Queen of the street. However, the flagship ARKK fund is now down ~25% YTD vs. the NASDAQ up 18%. What happened? Has the market lost steam, is it just a “fed thing”? Does ARKK = growth technology?
Spec Tech Wreck