unsubscribe In case you missed it, Ark Innovation ETF (ARKK) hasn't had the easiest go. And when I say easiest go... what I actually mean this is one of the fastest burnouts I've ever seen when it comes to such a prominent ETF. This hasn't always been the story… Growth investors have flocked to the ETF over the last few years and it's paid off. This impressive growth fund has been the lucky beneficiary of some large valuation, especially through the pandemic. As interest rates floated near zero, ARKK outperformed most of the benchmark funds including QQQ. However, lately, the ETF has been on a quick decline, already down 22% — whipsawing investors in both directions. Of the 44 components of the fund, including powerhouses like Tesla (TSLA), Shopify (SHOP), Zoom Video (ZM), none are currently in the green this year. In turn, we've seen investors struggling to keep up. ARKK topped out just shy of $160 a year ago fueled by short-term rallies but now the ETF sits around $63, forcing investors to lick their wounds. Truthfully…I don't see this changing anytime soon. Growth stocks are still terribly overvalued and as volatility continues to ransack the market, I believe we'll continue to see the weakness in these stocks magnified. So while ARKK's performance during the pandemic was impressive, the thematic investing bubble is on the verge of popping. With that being said, be smart. Plan properly and try to detach the emotion you feel to your investments, and be sure to trust the factual evidence behind your portfolio. That's all from me, Regards, Andrew Keene Andrew Keene
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