ARKK all time high is almost $160, so currently just over 50% drawdown from all time highs.
I don't think ARKK has ever had a >50% drawdown before?
It looks like it came close to that during the first the covid sell off in 2020. But this latest drawdown looks like the biggest she has ever had.
Down over 50% when NDX is down about 7%.
If the Nasdaq goes full on -20% bear market, where will ARKK be trading??
I don't think ARKK has ever had a >50% drawdown before?
It looks like it came close to that during the first the covid sell off in 2020. But this latest drawdown looks like the biggest she has ever had.
Down over 50% when NDX is down about 7%.
If the Nasdaq goes full on -20% bear market, where will ARKK be trading??
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, says velocity of money is going down not up, and the Fed is being over cautious with their jawboning.