Many businesses that thrived during the pandemic are being hammered by the economic reopening, not only because yields are rising as investors prepare for the US Federal Reserve to raise interest rates, which is terrible news for unprofitable businesses, but also because the economic reopening is hammering many of the businesses that thrived during the pandemic. Her preferred disruptive-tech chasing strategy may still be in for a lot of suffering after a year and a 53 percent fall.Īfter a dramatic decline last month, the ARK Innovation ETF (ticker: ARKK) has steadied off - it's practically flat in February – but the headwinds surrounding its speculative growth picks are just becoming more vital.
Cathie Wood's flagship exchange-traded fund hit an all-time high in February of this year.
