ARCA:ARKK - Post Discussion
Post by
AwareInvestor on Mar 05, 2021 3:10pm
ARK Invest: Sailing Into The Wind
Equity market jitters are palpable in the first week of March as the major indexes continued to falter, and the upward move in bond yields continue. The yield on the US 10 year Treasury note rose again to finish at 1.54% Thursday.
Among the largest beatings is the one being taken by the tech-heavy NASDAQ, which broke below 1,300 on the close Wednesday. The exchange had benefited from the risk-on, low-rate environment, doubling over the course of the now 12 month long pandemic, but is presently below its 200 day moving average for the first time in 2021, trying to decide which way it’s going to break. The weakness indicates that investors are wondering, at the moment, how much longer the market will continue to put a premium on growth.
https://thedeepdive.ca/ark-invest-sailing-into-the-wind/
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